RVNL shares in focus on securing project worth Rs 111 crore from Southern Railway

RVNL secured a Rs 110.86 crore contract from Southern Railway to upgrade signaling systems in the Chennai Division. This follows another Rs 186.76 crore order from East Central Railway earlier this month. Despite these wins, RVNL's Q2 profits dipped 27% YoY to Rs 286.9 crore, with revenue also slightly down.