Mumbai/IBNS, June 22 -- Shares of Rail Vikas Nigam Limited (RVNL) and Texmaco Rail & Engineering Ltd. gained up to 4 percent on Monday after the two companies announced significant order wins, according to media reports.

RVNL, Texmaco Stocks Rise

RVNL shares rose nearly 2 percent to touch an intraday high of Rs. 250.90 during early trade.

Texmaco Secures Orders Worth Over Rs. 264 Crore

Texmaco Rail & Engineering has secured an order worth Rs. 253.3 crore from JSW (South) Rail Logistics for the manufacture and supply of railway rakes and wagons.

The company has also bagged a separate contract worth Rs. 11.5 crore from Odisha Power Transmission Corporation Ltd. for the construction of a second-circuit SC line on a DC tower on a turnkey...