Ircon, RVNL, RailTel, Rites, and other railway stocks jump up to 12% amid high volume

Shares of railway firms including Ircon International, Rail Vikas Nigam (RVNL), RailTel, and Rites jumped up to 12% on Wednesday, driven by strong trading volumes on the NSE.

Ircon International surged 12% to Rs 218, with around 3.73 crore shares worth Rs 780.8 crore changing hands. RVNL rose 6.5% to Rs 429.30, clocking a turnover of Rs 887.6 crore on 2.11 crore shares traded. RailTel gained 10% to Rs 439, with 1.22 crore shares worth Rs 518 crore traded.

Among other railway-linked stocks, Rites gained 6.5%, Texmaco Rail & Engineering rose 8%, Titagarh Rail Systems added 4%, and HBL Engineering advanced over 3%.

The rally comes on the back of fresh order announcements. Last week, Ircon International bagged a major EPC contract worth Rs 1,068.3 crore from East Central Railway. The project involves constructing a new broad gauge rail bridge across the Ganga between Bikramshila and Katareah stations, comprising open web steel girders and a mix of single and double-line track infrastructure.

In May, Ircon also secured multiple contracts, including:

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– A Rs 187 crore project from Kerala State IT Infrastructure (KSITIL) for building a rural industrial park in Thiruvananthapuram (to be completed in 30 months).- A Rs 458.14 crore civil works contract from North Eastern Electric Power Corporation for the Tato-I Hydro Electric Project in Arunachal Pradesh.- A Rs 253.6 crore contract from South Western Railway to implement the indigenous KAVACH train collision avoidance system across 778 route kilometres in the Bengaluru and Mysuru divisions (completion expected in 18 months).

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Meanwhile, Rail Vikas Nigam Limited (RVNL) announced a new Rs 159.79 crore contract from Central Railway. The order involves upgrading overhead equipment from a 1×25 KV to 2×25 KV electric traction system on the Itarsi–Amla section of the Nagpur Division to handle a higher load capacity of 3,000 MT. The project is expected to be completed within 24 months.

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