1,200 per cent returns and Rs 85,000 crore order book: This multibagger railway stock emerges as a lowest bidder for order worth Rs 132,59,20,130!
Shares of the company have gained more than 140 per cent in the last six months.
Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder for the OHE modification work project by Central Railway. This project aims to upgrade the electric traction system in the Wardha-Ballarshah section (Nagpur division) from a single 25 kV system to a double 25 kV feeding system. This upgrade is expected to enable handling heavier loads (3000 MT). The project, valued at Rs. 132.59 crore, is domestic and needs to be completed within 24 months.
Recently, Rail Vikas Nigam Limited (RVNL) secured a project from North Central Railway to upgrade a section between Dhaulpur and Gwalior. The project involves installing electronic interlocking systems, automatic signaling, and continuous track circuiting. This domestic contract, valued at Rs. 72.73 crore, will be completed within 15 months.
Rail Vikas Nigam Limited was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railway. Shares of Rail Vikas Nigam Limited have also delivered multibagger returns of about 1,200 per cent in a three-year holding period. DIIs increased their stake in the company in March 2024. The company has an order book of Rs 85,000.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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