Multibagger stock: Shares of state-owned Rail Vikas Nigam Ltd (RVNL) are in focus today after the firm said it has received LOA from Southern Railway for Rs 145.34 crore. In the previous session, RVNL stock ended 1.93% lower at Rs 311.70. Market cap of RVNL stood at Rs 64,990 crore. Advertisement

"It is hereby informed that Rail Vikas Nigam Limited has received LOA from Southern Railway for Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations (ScottConnected) inclusive of Power Quality Compensating Equipment with Associated Switching Posts (SP/SSP) for 2x25 KV at Feeding System and SCADA & Automatic Fault Locator (AFL) in Jolarpettai Jn. Salem Jn. (JTJ-SA) Section of Salem Division of Southern Railway in connection with mission 3000MT loading target. The aforesai

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