Rs 85,000 crore order book and LIC hikes stake: This multibagger railway stock emerges as a lowest bidder for order worth Rs 739,07,41,040; gains over 1,900 per cent!

Shares of the company have gained more than 100 per cent in the last six months.

Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder for a significant distribution infrastructure development project in Himachal Pradesh. The project, awarded by HPSEBL, aims to enhance the power distribution network in the central zone of the state under the Revamped Reforms-based and Results-linked Distribution Sector Scheme. The contract, valued at Rs. 739.07 crore, mandates the completion of the project within 24 months. This win solidifies RVNL's position as a major player in the power distribution sector and underscores its commitment to improving power infrastructure in India.

Earlier, RVNL has secured a contract from South Eastern Railway to design, supply, install, and commission a 132 KV traction substation on the Rajkhaswan-Nayagarh-Bolani section. The project aims to enhance the railway's capacity to handle 3000MT loads. Valued at Rs. 191.53 crore, the project is expected to be completed within 18 months. This win further strengthens RVNL's position in the railway electrification and infrastructure development sector.

RVNL generally works on a turnkey basis and undertakes the full cycle of project development from conceptualisation to commissioning, including stages of design, preparation of estimates, calling and award of contracts, and project and contract management, among others. Shares of Rail Vikas Nigam Limited have also delivered multibagger returns of about 1,900 per cent in a last three-years. LIC increases its stake in the company in June 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.