Railway stock jumps after it receives order worth ₹404 Cr from East Coast RailwayRailway stock jumps after it receives order worth ₹404 Cr from East Coast Railway

Introduction:

Railway company has secured a ₹404 crore contract for the Koraput-Singapur Road Doubling Project. The project involves constructing 27 major bridges and extensive earthwork, enhancing railway connectivity and aligning with the government’s push for infrastructure modernization.

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Share price movement of RVNL:

On February 5, 2025, Rail Vikas Nigam Ltd (RVNL) opened at ₹410.05, up 2.46% from its previous close of ₹400.20. The stock reached a high of ₹416.35 (1.64%) and a low of ₹404.25. By 11:36 AM, it traded at ₹406.75, a 1.64% increase, with a market cap of ₹84,808.19 crore.

Rail Vikas Nigam Ltd Secures ₹404 Crore Order:

Rail Vikas Nigam Ltd (RVNL) has received a Letter of Acceptance from East Coast Railway for the Koraput-Singapur Road Doubling Project. The ₹404 crore contract involves constructing 27 major bridges, including five road-over-bridges (ROBs), along with extensive earthwork and protection structures.

The project, spanning between Tikiri and Bhalumaska stations in Waltair Division, is expected to enhance railway connectivity and operational efficiency. Scheduled for completion within 30 months, it aligns with the government’s push for railway infrastructure modernization to improve transportation networks.

Recent news on RVNL:

As of January 16, 2025, Rail Vikas Nigam Ltd (RVNL) has secured a ₹3,622.14 crore contract from BSNL for the development and maintenance of BharatNet’s middle mile network. The project will span 13 years, including construction and maintenance phases.

Stock performance of RVNL for Period of 1 week, 6 months and 1 year:

Rail Vikas Nigam Ltd (RVNL)’s performance has shown a decline of 6.44% over the past week and 22.8% over the last six months. However, it has demonstrated a strong recovery with a 40.3% return over the past year.

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Shareholding pattern of RVNL:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	72.80%	72.80%	72.80%
FII	5.10%	5.10%	3.10%
DII	6.20%	6.30%	6.80%
Public	15.90%	15.80%	17.30%

About RVNL:

Rail Vikas Nigam Ltd (NSE: RVNL), incorporated in 2003 by the Government of India, specializes in executing railway infrastructure projects, including doubling, gauge conversion, new lines, electrification, bridges, and freight revenue sharing with the Ministry of Railways.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.