Railway stock rose 1.19% to Rs. 441.75 after winning a significant Rs. 294.94 crore contract from South Central Railway. The project involves track doubling, electrification, and signalling work for a 33.70 km stretch in Telangana.
Share Price Movement
The share price of RVNL went up by 1.19 percent to Rs. 441.75 per share on Tuesday, an increase from its previous close of Rs. 436.55 per share. The market capitalisation now stands at approximately Rs. 92,105 crore as of November 12, 2024.
What Happened
Rail Vikas Nigam Limited won a contract from South Central Railway for track doubling work in Telangana. The project covers 33.70 km between Navipet and Indalvai stations, with a value of INR 294.94 crores. The work includes electrification and signalling and must be completed within 24 months.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, RVNL’s consolidated revenue from operations has decreased by 0.8 percent YOY from Rs. 4,910 crore in Q2 FY24 to Rs. 4,869 crore in Q2 FY25 and increased by 19.8 percent QoQ from Rs. 4,869 crore in Q4 FY24.
The company’s consolidated net profit has reduced by 18.1 percent, from Rs. 370 crore in Q2 FY24 to Rs. 303 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 39 percent QoQ from Rs. 218 crore.
Market Outlook
India’s railway industry shows strong growth potential with its 68,442 km network and 22,000 daily trains. The industry is modernising through initiatives like Vision 2024, which includes speed upgrades to 160 kmph, new dedicated freight corridors, and technological improvements like SMART yards and automatic train systems. The focus is on expanding infrastructure, improving passenger comfort, and enhancing freight capacity. With logistics costs being reduced from 16% to 8% of GDP, railways aim to become more competitive against other transport modes.
Shareholding Pattern
As of the November 2024 shareholding pattern, RVNL Limited is primarily held by the promotors at 72.84 percent, foreign institutional investors hold 5.05 percent, and the public with 15.78 percent.
About Company
Rail Vikas Nigam Limited (RVNL), a Navratna public sector enterprise, has become central to India’s rail infrastructure development since its establishment in 2003. Operating under the Ministry of Railways, RVNL actively enhances and expands India’s railway network, headquartered in New Delhi.
RVNL’s core services span across critical areas of rail infrastructure. The company manages projects involving track doubling, gauge conversion, new rail lines, electrification, and the construction of major bridges and workshops. Additionally, RVNL undertakes metro projects and executes turnkey contracts, handling everything from design to commissioning. Through these efforts, RVNL strengthens India’s connectivity and accelerates its transportation infrastructure growth.
Written By Fazal Ul Vahab C H
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