RVNL Secures ₹201-Cr East Coast Railway Project; Shares Dip

• RVNL won a ₹201.23 crore project from East Coast Railway for a wagon periodical overhaul (POH) workshop at Kantabanji.
• RVNL was the lowest bidder (L1) and sole bidder for the East Coast Railway contract, to be completed in 18 months.
• The company also received a ₹145.35 crore letter of acceptance from Southern Railway for a traction power project in the Jolarpettai-Salem section.
• This Southern Railway project, linked to Indian Railways’ Mission 3000 MT freight-loading target, is to be executed in 540 days.
• Despite project wins, RVNL shares closed down 5.43% on BSE on December 29.

Why It Matters: RVNL wins two significant railway projects worth over ₹346 crore, but its shares declined.