700 per cent returns: This multibagger rail infrastructure company bags multiple order worth Rs 1517.69 crore!

Shares of the company have gained about 150 per cent in the last six months.

Rail Vikas Nigam Limited informed in the exchange filing that the company has signed an MoU with the National Highways Authority of India (NHAI) for the construction of a 6-lane Greenfield Varanasi Ranchi-Kolkata Highway from Sonepurbigha village to the junction with NH-22 (Chatra Bypass) near Chatra from under Bharatmala Pariyojana in the State of Jharkhand on Hybrid Annuity Mode (Package8). Rail Vikas Nigam Limited (RVNL) has formed one JV with Tracks & Towers Infratech Private Limited. The project is worth Rs 1271.98 crore.

Earlier, on September 13, 2023, Rail Vikas Nigam Limited and its JV MPCC emerged as the lowest Bidder (L1) for the civil engineering works construction of station buildings, platforms, subways cover over platforms, staff quarters, and passenger amenities, with gauge conversion work between Nadiad- Petlad of Vadodara Division of Western Railway. The order is worth Rs 245.71 crore with an RVNL Share of 74% and MPCC Share of 26%.

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Rail Vikas Nigam Limited is engaged in the business of implementing various types of Rail infrastructure projects 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.

Rail Vikas Nigam Limited has delivered multibagger returns of over 390 per cent in the last one year. While in the last five years, the stock has gained over 730 per cent.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.