Throughout Friday’s buying and selling session, the shares of this Navratna railway inventory engaged in rail infrastructure improvement and specialising in various railway initiatives in focus, after securing an order value almost Rs. 156.4 crores from South Western Railway.
Value Motion
With a market cap of Rs. 77,479.4 crores, the shares of Rail Vikas Nigam Restricted surged almost 3 p.c to hit an intraday excessive at Rs. 392.75 on BSE, as towards its earlier closing worth of Rs. 381.35.
The inventory has delivered constructive returns of almost 43 p.c within the final one yr, whereas round 11.4 p.c of unfavorable returns within the final one month.
What’s the information
As per the newest regulatory filings with the inventory exchanges, Rail Vikas Nigam Restricted (RVNL) has been awarded the standing of Lowest Bidder (L1) by South Western Railway for a venture valued at Rs. 156.4 crores. The venture is ready to be accomplished inside 18 months.
The scope of the venture consists of Engineering, Procurement, and Building (EPC) for the design, provide, erection, testing, and commissioning of two×25 KV Overhead Electrification (OHE) and Energy Provide and Isolation (PSI) Techniques, together with TSSs, SPs, and SSPs, together with Electrical Basic Companies, Engineering, and Telecommunication works between Rayadurga (Excl.) and Topavagada (Incl.).
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Financials
RVNL reported a marginal decline in income from operations, experiencing a year-on-year fall of almost 2.6 p.c, from Rs. 4,689.3 crores in Q3 FY24 to Rs. 4,567.4 crores in Q3 FY25.
Equally, its internet revenue decreased throughout the identical interval from Rs. 358.6 crores to Rs. 311.4 crores, representing a decline of almost 13.2 p.c YoY.
Concerning the firm
Integrated in 2003, Rail Vikas Nigam Restricted works as the development arm of the Ministry of Railways (MoR) for venture implementation and transportation infrastructure improvement.
The corporate is engaged in executing numerous railway initiatives, together with new traces, doubling, gauge conversion, railway electrification, workshops, metro initiatives, bridges, development of cable-stayed bridges, and establishment buildings.
Written by Shivani Singh
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