The shares of this Navratna CPSE firm under the Ministry of Railways (MoR) surged by 4.5 percent to reach an intraday high of Rs 605. per share, on Friday after the company secured ₹202 crores from Indian railways.
At 12:46 p.m., Rail Vikas Nigam Ltd (RVNL) shares were trading at ₹600.45 per share, up 3.65% from the previous close price. The company has a market capitalization of ₹1,24,267 crore.
What Happened: According to an exchange filing by Rail Vikas Nigam Ltd, the company has secured a ₹202.87 crore order from the south eastern railway for design, supply, erection, testing & commissioning of132 KV Traction Substation, Sectioning post (SPs), and Sub sectioning post (SSPs) in 2x25KV System on Kharagpur – Bhadrak section of Kharagpur division of South Eastern Railway to meet 3000MT.
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About the company:
Rail Vikas Nigam Limited is engaged in the business of executing and implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, metro projects, workshops, production units and sharing of freight revenue with Railways.
Order Book: RVNL’s current order book stands at ₹83,221 crores, with a management target ranging from ₹75,000 crores to ₹1 lakh crores. In FY23-24, the company completed 12 projects, increasing its total to 152, and achieved a record by commissioning 243 kilometers of railway projects in March 2024.
During the same fiscal year, RVNL participated in 142 bids and expanded its international presence with submissions in Bangladesh, Sri Lanka, and the UAE. For FY24-25, the company anticipates an order inflow between ₹20,000 and ₹25,000 crores, aiming to keep the order book at three to four times its annual turnover.
Financials: The company has achieved a 7.1% year-on-year revenue growth, increasing from ₹20,282 crore in FY22-23 to ₹21,733 crore in FY23-24. During the same period, net profit surged by 15.3%, rising from ₹1,268 crore to ₹1,463 crore.
Rail Vikas Nigam Limited’s shares have risen by 145% over the past six months and by 367% over the past year.
Written by Omkar Chitnis
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