RVNL has seen its topline fall consecutively for two straight quarters in a row. The company's revenues have fallen from Rs 5,719.9 crore during Q4FY23 to Rs 4,914 crore last quarter.
The project includes supply, installation, testing, and commissioning of an integrated tunnel communication system in the Sukhovi-Pherima new single line section of Lumding Division.
The company received Letter of Acceptance (LOA) from Maharashtra Metro Rail Corporation Limited (MMRCL) for design and construction of elevated metro viaduct of length 6.92 km between Ch. (-) 657.182 m to Ch. (-) 7576.78 m in Reach 2A of NMRP Phase2.
Going forward, 19,600-19,500 is expected to act as a crucial support for the Nifty50 in coming sessions, and if it manages to sustain above then the gradual upmove towards 20,000 can be possible, experts said
On a year-to-date (YTD) basis, the S&P BSE PSU index has rallied 25 percent, led by triple-digit returns from Mazagon Dock (up 186 percent), Rail Vikas Nigam, and IRCON International, during the same period.