Multibagger central public sector enterprise with navratna status which is into engineering railways bags 2 orders for a consideration of Rs. 420 Crores from Western Railways.
At 11:38 a.m the shares of Rail Vikas Nigam Limited were trading at Rs. 169 per shares, up 1.25 percent from its previous day close price and its market capitalization is Rs. 35,268 Crores.
As per the company’s filing, RVNL-MPCC (JV) have bagged 2 orders worth 174.27 Crores and 245.71 Crores from Western Railways, which is Rs. 420 Crores in total, for All civil engineering works and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between Petlad – Bhadran (22.50kms) and Nadiad – Petlad (37.26kms) of Vadodara Division on Western Railway, it is to be executed within 24 months.
The company’s revenue grew 4.64 percent from Rs. 19,381.71 Crores in FY22 to 20,281.57 Crores in FY23, accompanied by increasing profits of Rs. 1,110.14 Crores to Rs. 1,420.55 Crores.
The company reported return on equity (ROE) of 20.81 percent and return on capital employed (ROCE) of 17.83 percent, this indicates that the company is making good returns on its equity and capital employed.
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 78.20 percent stake, the Domestic Institutional Investors hold 5.76 percent and the Foreign Institutional Investors (FII) hold 1.75 percent.
Rail Vikas Nigam Limited is a central public sector enterprise with a navratna status, it is engaged in the business of implementing various types of Rail infrastructure projects doubling, gauge conversion, new lines, railway electrification, major bridges etc.
Written by: Bharath K.S
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