RVNL shares rise 3.29% after securing a Rs 739 crore order from HPSEBL for Central Zone distribution infrastructure development.

Rail Vikas Nigam Limited (RVNL) shares rose 3.29% to Rs 626.65 after securing a Rs 739 crore order from Himachal Pradesh State Electricity Board Limited (HPSEBL) for developing distribution infrastructure in the Central Zone. RVNL emerged as the lowest bidder for the project under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme [Loss Reduction Works]. The estimated completion time is 24 months.