RVNL soars over 5%; HG Infra skyrockets over 10% after firms win many orders

RVNL Share Price, HG Infra Share Price: Rail Vikas Nigam Limited (RVNL) and HG Infra traded in green on BSE on Monday (April 1, 2024) after both companies win many orders. 
While RVNL soared by over five per cent, HG Infra jumped by over 2.90 per cent on Monday.

RVNL share price

RVNL closed at Rs 252.95 on Thursday and started trading at Rs 260.55 on Monday. It jumped to the day's high of Rs 265.65, a 5.02 per cent rise from the previous close.

The stock of the company closed its trading higher by 3.50 per cent, or Rs 8.85, at Rs 261.80 on Monday.

RVNL's orders

RVNL has received various orders worth Rs 303 crore.

The company said that JV SALASAR Techno Engineering Ltd and RVNL emerged as the Lowest Bidder (L1) from Energy Development Corporation Limited (EDCL) for “Plant Design, Supply and Installation of 45.8 km, ll0Kv Double Circuit Rukarara-Huye-Gisagara Transmission Lines.”

It also emerged as the Lowest Bidder (L1) from NFR-CONST HQ-ELECTRICAL/N.F.RLY CONSTRUCTION for “Engineering, Procurement, Construction of Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification OHE and TSS Works of Araria - Thakurganj New line Section in connection with New Line Project of Araria - Galgalia of N.F. Railway, including associated Works and Supply, erection, modification, testing and commissioning of SCADA for the section.

In another order, RVNL emerged as the Lowest Bidder (L1) from SER HQ-ELECTRICAL/SOUTH EASTERN RAILWAY for “Design, Supply, Erection, Testing and
Commissioning for upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Kharagpur (Excl.) Bhadrak (Excl.) section of Kharagpur division of South Eastern Railway to meet 3000 MT loading Target.”.

HG Infra Share Price

 HG Infra slyrocketed by 10.03 per cent to Monday's high of Rs 1,000.95 after closing at Rs 909.65 on Thursday.

The stock of the company that started the session on Monday at Rs 927.55 closed it at up by 8.28 per cent, or Rs 75.35, at Rs 985.00.   

HG Infra's orders

H.G. Infra Engineering Limited (the “Company”) has entered into the EPC contracts dated March 30, 2024, with Norangdesar Solar Developer Private Limited and Rasisar Solar Developer Private Limited for the Solar Power Plants.

HG Infra said that it has got a letter of award issued by Jodhpur Vidyut Vitran Nigam Limited to Stockwell Solar Services Private Limited consortium with H.G. Infra Engineering Limited (the “Company” or “HGINFRA”) for the project of Solar Business.