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RVNL secures $72.8M highway project in India, boosting shares despite broker's "SELL" rating.
Rail Vikas Nigam Limited (RVNL) shares rose after the company secured a ₹554.64 crore ($72.8 million) highway project in Andhra Pradesh from NHAI.
The project involves building a 6-lane road connecting Visakhapatnam Port, spanning 12.66 kilometers.
Expected to be completed in 730 days, it is part of India's infrastructure push.
Despite the order, Antique Stock Broking retained a "SELL" rating for RVNL, citing muted project execution.
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RVNL asegura un proyecto de autopista de $72.8M en la India, aumentando las acciones a pesar de la calificación "SELL" del corredor.