BCPL Railway Infra secures path-breaking order in the railway electrification segment
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BCPL Railway Infrastructure Limited has received a LOA from Railway Vikas Nigam Limited (RVNL).
This LOA has been received for deployment of 25KV OHE Gang to complete the residual overhead (OHE) adjustment works and provision of bonding/earthing work and safety related works in section Sreerampur Assam - Fakiragram of NF Railway. It is expected to be executed over a period of 45 days. The recent order adds to the strong orderbook position for the Company of around Rs. 1.65 billion.
Commenting on the same, Mr. Aparesh Nandi, Chairman said, We at BCPL Railway Infrastructure Limited are pleased to inform our stakeholders on our recent order intake from RVNL. We have already started seeing a traction in the order inflow and we are quite optimistic about the pipeline of orders in the coming months. We expect to end the year on robust orderbook.
BCPL Railway Infrastructure has received a LOA from Railway Vikas Nigam.
This LOA has been received for deployment of 25KV OHE Gang to complete the residual
overhead (OHE) adjustment works and provision of bonding/earthing work and safety
related works in section Sreerampur Assam - Fakiragram of NF Railway.
It is expected to
be executed over a period of 45 days. The recent order adds to the strong orderbook
position for the Company of around Rs. 165 crore.
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BCPL Railway Infrastructure spurted 2.50% to Rs 81.85 after the company received a Letter of Acceptance (LOA) from Railway Vikas Nigam (RVNL).
The LOA has been received for deployment of 25 KV OHE Gang to complete the residual overhead (OHE) adjustment works and provision of bonding/earthing work and safety related works in section Sreerampur Assam - Fakiragram of NF Railway. It is expected to be executed over a period of 45 days. The recent order adds to the strong orderbook position for the company of around Rs 165 crore.
On the technical front, the stock s RSI (relative strength index) stood at 41.922. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.