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RVNL secures order worth ₹283.69 crore from East Coast Railway

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RVNL secures order worth  ₹283.69 crore from East Coast Railway

- RVNL has secured an order worth ₹283.69 crore from East Coast Railway, expected to be completed in 2 years. - The company emerged as the lowest bidder for the project that involves work orders for the 3rd & 4th lines between Jarapada and Talcher Road and constructing a new line between Angul-Balram. - Rail Vikas Nigam Ltd shares are trading 1.04% lower at ₹524.95 in Tuesday's market session, compared to ₹530.45 in Monday's market close. - RVNL's stock has gained nearly 190% in 2024 and has increased close to 205% over the last 12 months. - MSCI India index has included RVNL shares and six other stocks as part of its August reshuffle. - RVNL is a Navratna CPSE under the Ministry of Railways, Government of India, aiming to bridge the infrastructure deficit on Indian Railways.

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