Hyundai Rotem (KRX:064350) secured a railway rolling stock supply order for the Shinansan Line double-track railway public-private partnership project from Posco Engineering & Construction (KRX:025100), according to a Friday filing with the Korea Exchange.
The contract, valued at 235.3 billion won, is valid till Dec. 31, 2028.
Shares of Hyundai Rotem rose nearly 2% at market close.
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