RVNL Secures ₹201 Cr East Coast Railway Order, Stock in Focus

• Rail Vikas Nigam Ltd (RVNL) secured a ₹201.23 crore order from East Coast Railway for a wagon Periodical Overhauling (POH) workshop in Kantabanji.
• The workshop will have a 200-wagon capacity and must be completed within 18 months; RVNL was the sole bidder.
• Earlier this month, RVNL received a ₹145.35 crore Letter of Acceptance (LOA) from Southern Railway for a traction power project.
• This Southern Railway project in the Jolarpettai-Salem section is linked to Indian Railways' 'Mission 3000 MT' freight loading target.
• RVNL shares closed down 5.43% on December 29 but delivered a 13.49% return in the last 5 sessions.

Why It Matters: RVNL bags two major railway projects worth over ₹346 crore, boosting future prospects.