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Railway stocks today: Railway-linked counters were among the few bright spots in an otherwise subdued market on Monday, with several stocks surging on the back of new contract announcements and a firm business pipeline.

Shares of Rail Vikas Nigam Ltd (RVNL), Ircon International, Titagarh Rail, Jupiter Wagons, Texmaco Rail and Indian Railway Finance Corporation (IRFC) gained between 2 per cent and 8 per cent in morning trade, extending last week’s momentum when most had already advanced 2–4 per cent.

RVNL emerges lowest bidder for West Central Railway project

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RVNL said it had emerged as the lowest bidder for a major West Central Railway contract involving the design or modification, supply, erection, testing and commissioning of a 220/132 kV/2x25 kV Scott-connected traction substation and switching posts with AT, including SCADA work, along the Bina–RTA section of the Bhopal Division. The project is intended to support a 3,000 metric tonne loading target.

Texmaco Rail announced it had secured a Letter of Acceptance from Rail Vikas Nigam for an order worth Rs 129.09 crore, inclusive of taxes. The contract covers design, supply, erection, testing and commissioning of 2x25 kV traction overhead equipment and associated works at the Yavatmal–Digras section of Central Railway’s Nagpur Division.

Jupiter Wagons’ unlisted unit, Jupiter Tatravagonka Railwheel Factory, received a Letter of Acceptance from the Ministry of Railways, Railway Board, on 9 September for the supply of 9,000 LHB axles for FIAT-IR bogies valued at about Rs 113 crore.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.