BCPL Railway Infrastructure (NSE:BCPL, BOM:542057) emerged as the lowest bidder (L1) for a contract worth around 62.3 million Indian rupees from the Howrah division of Eastern Railway, according to a Tuesday filing on Indian bourses.
Shares of the company fell nearly 6% in Wednesday's trade.
The project involves replacement of old and rusted cantilever assemblies in the Howrah division, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.