The shares of Rail Vikas Nigam Ltd (RVNL) surged 3% on Wednesday, 12 March, after NHAI awarded the corporate a contract value Rs 554.64 crore, which needs to be executed in a interval of 730 days.
Rail Vikas Nigam Restricted (RVNL) has emerged because the lowest bidder (L1) for a significant infrastructure undertaking awarded by the Nationwide Freeway Authority of India (NHAI).
The undertaking includes developing a six-lane access-controlled highway connecting Visakhapatnam Port Highway, spanning from Sabbavaram Bypass (Anakapalli – Anandapuram hall) to Sheelanagar Junction in Andhra Pradesh. This shall be executed below the Hybrid Annuity Mode (HAM), making certain a structured funding mannequin for environment friendly undertaking completion.
Moreover, on March 10, RVNL signed a Memorandum of Understanding (MoU) with Abhinava Strategic Companions, a non-public entity, to discover railway-related alternatives in Saudi Arabia.
The collaboration goals to offer advisory companies and experience in a number of infrastructure sectors, together with Railways, Mass Speedy Transit Programs (MRTS), tunnels, highways, expressways, bridges, airports, ports, and energy transmission. This partnership positions RVNL to develop its presence in Saudi Arabia and the broader Center East area, tapping into rising alternatives in large-scale infrastructure growth.
The corporate’s web revenue for the third quarter of FY25 was Rs 311.6 crore, down 13.1% 12 months over 12 months from Rs 358.6 crore.
The share worth of RVNL has dropped by 0.6% within the final 5 buying and selling days. The inventory has wiped off nearly 10% of traders’ worth within the final month and 40% within the final six months.
Compared, the benchmark index, the Nifty 50, has had a 1.4% progress over the past 5 buying and selling classes. The index has, nonetheless, fallen 2.4% previously month and greater than 11% throughout the earlier six months.
At 12:49 pm, the shares of RVNL had been buying and selling 0.15% greater at Rs 331.15 on NSE.
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