Rail Vikas Nigam Ltd (NSE: RVNL): The share of Navratna company Rail Vikas Nigam Limited (RVNL) has seen tremendous growth in the last few years. The share of Rail Vikas Nigam Limited rose sharply to Rs 469.75 on Wednesday.
The railway company announced this week that its joint partnership with SCPL was named the bidder with the lowest price for the 837.67 crore rupees project for the Eastern Railway.
The Work Will Be Completed In The Next 36 Months
Rail Vikas Nigam Limited (RVNL) has said that this contract includes earthwork in cutting and filling between Kali Pahari and Pradhankhanta, construction of small and big bridges, retaining wall, level crossing, side drain, and catch water drain.
The contract will be concluded in 36 months. Rail Vikas Nigam Limited (RVNL) owns a 74 % stake in this joint venture. However, SCPL has a 26 % stake in the joint venture.
The company announced that it had been selected as the lowest bidder on the engineering procurement and construction (EPC) contract with South Central Railway. This contract is worth Rs 625.08 crore.
The Company’s Share Has Climbed More Than 2400% In 4 Years
The share of Navratna company Rail Vikas Nigam Limited (RVNL) has increased by over 2344.44% during the last four years. The share of the railway company was priced at 18.45 rupees on November 6, 2020.
The company’s shares have reached Rs 456.90 on 5 November 2024. At the same time, in the last 3 years, the company’s shares have seen a tremendous jump of 1150 percent.
In the past two years, the share of the railroad company has risen by over 900 %. In the same way during the past year, stock from Rail Vikas Nigam Limited has gone up by 191.91 %.
The 52-week high of shares in the company is 647 rupees. However, the 52-week low of the share of the company is 154.10 rupees.
Quick Fact
| Company name | Rail Vikas Nigam |
|---|---|
| Stock price | ₹469.75 |
| Sector | Railways |
| Company Status | Navratna |
| Joint Venture Partner | SCPL |
| Project | Eastern Railway |
| Project Value | ₹837.67 crore |
| Completion Time | 36 months |
| RVNL Stake in JV | 74% |
| SCPL Stake in JV | 26% |
| Contract Date | 4 November |
| Contract Value | ₹625.08 crore |
| Increase in 4 Years | 2344.44% |
| 3-Year Growth | 1150% |
| 2-Year Growth | 900% |
| 1-Year Growth | 191.91% |
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