This railway infrastructure company has bagged an order worth Rs 111.85 crore!

Shares of the company jumped more than 80 per cent in just six months.

On March 16, 2023, Rail Vikas Nigam Limited informed in the exchange filing that Rail Vikas Nigam Limited (RVNL) emerged as the lowest bidder (L1) for the supply, installation, testing and commissioning of 11 KV line associated works such as 11 KV line bifurcation, 11 KV line interconnection, 11 KV line conductor augmentation, LT AB cabling augmentation and conversion of LT bare conductor to AB cabling under revamped reforms-based and results-linked distribution sector in Sidhi, Singrauli, Sagar, Damoh, Chhatarpur, Panna and Tikamgarh Circles of MPPKVVCL, Jabalpur Company Area. The cost of the project is Rs 111.85 crore.

Rail Vikas Nigam Limited was incorporated in 2003 by the Government of India. It is engaged in the business of implementing various types of railway infrastructure projects. The company mainly caters to laying new railway lines, railway infrastructure and gauge conversion. 

Today, the stock opened at Rs 64.00, with a high and low of Rs 64.58 and Rs 62.64. The stock closed trading at Rs 62.91, up by 1.58 per cent.   

In the last 6 months, the shares of the company have given more than 80 per cent returns. The stock has a 52-week high of Rs 84.15 and a 52-week low of Rs 29. The company has a ROCE of 16.8 per cent and an ROE of 19.7 per cent with a market capitalization of Rs 13,116.86 crore.