The shares of public sector enterprises gained up to 3.5 percent after the company received a letter of award from National Thermal Power Corporation (NTPC) worth Rs 495 crore.
With a market capitalization of Rs 78,292.50 crore, the shares of Rail Vikas Nigam Ltd were trading at Rs 375.50 per share, which increased drastically by around 2.03 percent as compared to the previous closing price of Rs 368.80 apiece.
The company’s shares have seen significant change today after Rail Vikas Nigam Ltd received a Letter of Award from the National Thermal Power Corporation (NTPC) for the “Project Execution Agency (PEA) contract for execution of Balance Civil & HM works of Barrage Complex including part HRT package of Rammam Hydro Electric Project Stage-III (3×40 MW). the project valued at Rs 495.14 crore.
Looking forward to the company’s financial performance, revenue surged by 17 percent from Rs 5,721 crore in Q4FY23 to Rs 6,701 crore in Q4FY24, during the same period, the company’s net profit surged notably by 25 percent from Rs 345 crore to Rs 433 crore.
The firm has a total order book of Rs 65,000 crore, with 50% coming from railway projects and 50% from markets. RVNL plans to maintain an order book of around Rs 75000 crore in the future.
In 2024, RVNL received orders for metro projects in Madhya Pradesh and Chennai, railway infrastructure in Western and South Eastern Railways, and distribution infrastructure in Himachal Pradesh. RVNL successfully obtained orders for Gujarat Metro and Vande Bharat Train sets.
The stock has given a multi-bagger return of 120.52 percent in just six months and 195.12 percent in a year. If an investor invested Rs 1 lakh a year ago, it would now be worth Rs 2.95 lakh.
Rail Vikas Nigam Limited is an Indian corporation that builds railway infrastructure. The firm works on various rail infrastructure projects, including as gauge conversion, new lines, electrification, bridges, workshops, and production units.
Written by:- Abhishek Singh
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