Rs 187,34,07,260 order win and 2,500 per cent multibagger returns: This railway stock bags new order; Signs two MoUs to expand in Middle East, Nepal, and Europe!
Shares of the company have gained more than 200 per cent in the last six months.
Rail Vikas Nigam Limited (RVNL) has been making significant strides lately, securing both new projects and international partnerships. The company has signed two Memorandums of Understanding (MoUs) to expand their reach.
The first MoU is with M/s TATWEER Middle East and Africa LLC (TATWEER). This collaboration leverages RVNL's expertise in the railway sector for joint ventures in design and execution of various railway projects across the Middle East and North Africa (MENA) region and even Europe. The partnership goes beyond railways, encompassing supplying, designing, implementing, and commissioning smart city initiatives, digital transformation projects, and professional engineering services. This MoU signifies RVNL's strategic move to become a global player and contribute to advancements in international infrastructure.
The second MoU is with M/s IMS Consultancy Private Limited (IMS). This agreement focuses on providing technical and advisory services to RVNL for projects in Nepal. These projects span various sectors including railways, mass rapid transit systems (MRTS), tunnels, roads (highways and expressways), bridges, buildings, airports, ports, irrigation, power (transmission and distribution), solar, wind, and hydropower.
In addition to these MoUs, RVNL has also received a Letter of Acceptance (LoA) from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) for the construction of six elevated metro stations in Nagpur, India. This domestic project falls under Reach 2B of Nagpur Metro Phase 2 and has a completion timeframe of 30 months, with a total project cost of approximately Rs 187 crore.
Shares of Rail Vikas Nigam Limited have also delivered multibagger returns of about 2,500 per cent in a last five-years. 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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