BCPL Railway Infrastructure Share Price Rise 1.75% After New RVNL Project Win

Kolkata, November 24: BCPL Railway Infrastructure’s share price is witnessing positive investor demand today after it announced that it has secured a new project from RVNL. As of 1:20 PM, BCPL Railway Infrastructure shares were up by 1.75%, or 1.31 points and were trading at ₹76.32. Until now, the shares have traded within a range of ₹81 and ₹75.21. The traded volume for the BCPL Railway Infrastructure stock stood at 12.38 thousand shares, with the company’s market cap at ₹125 crore. The shares have their 52-week high at ₹119.91 and their 52-week low at ₹60.15.

BCPL Railway Infrastructure Ltd (BSE: 542057) is an Indian company that is a major service provider for Railway Modernisation and Infrastructure Development. It primarily focuses on the specialised and technical field of railway electrification. The company was established in 1995 and is headquartered in Kolkata, West Bengal.

Shares Rise After New RVNL Project Win

The rise in the share price comes after the company announced that it has secured a new project from Rail Vikas Nigam Ltd. The company came as the lowest bidder for the project, which is for railway electrification.

The work will include the supply, erection, testing and commissioning for OHE upgradation of the existing 1x25kV system to the 2x25kV AT feeding system. It will include feeder and earthing works. The location for the project will be the Ravikampadu (RVD) to Duvvada (DVD) section, with a distance of 100 RKM/ 191 TKM. The total value of the project is ₹789.77 million, with a duration of 18 months.

Investor Takeaway

BCPL Railway Infrastructure has announced a new project from RVNL, valued at ₹789.77 million. The project will provide the company with revenue visibility, and will add to its order book. Furthermore, it is a good sign for the company to secure a project from a governmental entity such as RVNL. Investors have reacted positively to the announcement, leading to a share price rise.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/1ea69fba-8ffc-4be8-a3f7-580de864d820.pdf

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