“In accordance with the regulatory submitting, Sabbavaram Sheelanagar Street Improvement Restricted was included on Might 15, 2025, and RVNL holds a 100% stake within the subsidiary. The entity will function inside the development and infrastructure sector, aligning with RVNL’s current line of enterprise,” the corporate knowledgeable to the inventory exchanges.
In accordance with the regulatory submitting, Sabbavaram Sheelanagar Street Improvement was included on Might 15, 2025, and RVNL holds a 100% stake within the subsidiary. The entity will function inside the development and infrastructure sector, aligning with RVNL’s current line of enterprise.
The incorporation, which was disclosed on Friday, is predicted to strengthen RVNL’s footprint within the infrastructure and development sector.
Earlier final week, the corporate had additionally introduced a brand new contract win price Rs 159.79 crore from Central Railway.
The contract, awarded beneath normal phrases, is scheduled to be accomplished over 24 months. It’s a home order and types a part of RVNL’s routine enterprise operations, the corporate stated in an change submitting.Additionally learn: Delhivery shares bounce 6% on reporting Rs 73 cr revenue in This fall vs YoY loss
RVNL share value historical past
Over the previous week, the shares of RVNL registered a acquire of 20.80%, whereas the two-week interval noticed a 22.33% enhance. Over the previous month, the worth rose by 17.06%, and within the three-month period, the acquire stood at 15.02%.
RVNL shares technical efficiency
At the moment, the shares of RVNL are positioned above their brief, medium and long run exponential transferring averages and are oscillating close to the 69.5 mark on the RSI, in line with Trendlyne knowledge.
(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Occasions)
