Introduction:
Leading railway company has received a Letter of Acceptance from Bharat Sanchar Nigam Limited (BSNL) for a ₹3,622.14 crore contract. The project involves the development, upgradation, and operation of the middle mile network under the Bharat Net initiative.
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Share price movement of RVNL:
On January 16, 2025, Rail Vikas Nigam Ltd (RVNL) opened at ₹388.00, up 4.34% from its previous close of ₹371.90. The stock reached a high of ₹415.00 (8.28%) and a low of ₹385.75. By 12:16 PM, it traded at ₹402.70, an 8.28% increase, with a market cap of ₹83,963.76 crore.
RVNL Secures ₹3,622 Cr BSNL Order:
Rail Vikas Nigam Limited (RVNL) announced that it has received a Letter of Acceptance from Bharat Sanchar Nigam Limited (BSNL) for the development and operation of the middle mile network under the Bharat Net project.
The project, which includes the creation, upgradation, and operation of the network, will be executed under the Design Build Operate and Maintain (DBOM) model. The total value of the contract is ₹3,622.14 crore, covering both capital expenditure and operations.
The contract spans a period of three years for construction and ten years for maintenance. RVNL will collaborate with consortium members HFCL and ATS for the project, with no related party transactions involved.
Recent news on RVNL:
As of December 17, 2024, Rail Vikas Nigam Ltd. (RVNL) received a ₹270 crore order from Maharashtra Metro Rail Corporation for constructing elevated metro stations under NMRP Phase-2, covering stations in Reach 3A and Reach 4A.
Stock performance of RVNL for Period of 1 week, 6 months and 1 year:
Over the past week, Rail Vikas Nigam Ltd. (RVNL) experienced a decline of 9.36%. Over the last 6 months, the stock fell by 39.4%. However, over the past year, RVNL has shown a strong gain of 54.7%.
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Shareholding pattern of RVNL:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 72.80% | 72.80% | 72.80% |
| FII | 5.10% | 3.10% | 2% |
| DII | 6.30% | 6.80% | 6.20% |
| Public | 15.80% | 17.30% | 18.70% |
About RVNL:
Rail Vikas Nigam Ltd. (RVNL) is a public sector company engaged in executing rail infrastructure projects, including doubling, gauge conversion, electrification, and major bridges. It collaborates with the Ministry of Railways for various initiatives to enhance rail connectivity.
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.
