India's Rail Vikas Nigam gains after contract win

Rail Vikas Nigam

07/03/2025 04:38

** Shares of Rail Vikas Nigam RAIV.NS rise 2.1% to 343.9 rupees

** Rail infrastructure development co wins work order worth 1.56 billion rupees ($17.89 million) from South Western Railway

** Order involves design, supply of overhead electrification system and related works

** Stock down 18% so far this year, after more than doubling in 2024

($1 = 87.1800 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))