Multibagger central public sector enterprise with navratna status which is into engineering railways bags orders for a consideration of 28.73 Cr from Northern Railways.
At 11:15 a.m the shares of Rail Vikas Nigam Limited were trading at Rs. 165 a piece up by 0.40 percent from its previous day close price and the market capitalization of the company is 34,590 Cr.
As per the company’s filing, Rail Vikas Nigam Limited has emerged as the lowest bidder and bagged orders for supply, installation, testing & commissioning of integrated tunnel communication system in the sukhovi-pherima new single line section of lumding division from Northeast Frontier Railway for a consideration of 28.73 Cr.
The company’s revenue increased by 4.64 percent from 19,381.71 Cr in FY22 to 20,281.57 Cr in FY23, accompanied by increasing profits of 1,110.14 Cr to 1,420.55 Cr.
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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