Introduction:
Major railway company signed an MoU with Visakhapatnam Port Authority for constructing internal flyovers. This project aims to improve cargo evacuation, eliminate 11 level crossings, and enhance operational efficiency at the port.
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Share price movement of RVNL:
On January 6, 2025, Rail Vikas Nigam Ltd opened at ₹432.60, up 0.22% from its previous close of ₹431.95. The stock reached a high of ₹436.35 (1.02%) and a low of ₹420.35. By 10:39 AM, it traded at ₹420.50, a 2.65% decrease, with a market cap of ₹87,675.10 crore.
RVNL signs MoU for flyover construction:
Rail Vikas Nigam Limited (RVNL) has signed a Memorandum of Understanding (MoU) with Visakhapatnam Port Authority (VPA) for the construction of internal flyovers. The project aims to improve cargo evacuation and eliminate 11 level crossings hindering traffic flow.
The MoU outlines plans to build flyovers that will facilitate smoother movement of goods and eliminate the congestion caused by the existing level crossings at VPA. This development is expected to enhance operational efficiency and reduce delays at the port.
By addressing these bottlenecks, the project is anticipated to significantly boost the port’s capacity, ensuring quicker transportation and handling of cargo. The collaboration reflects a step forward in modernizing port infrastructure.
Recent news on RVNL:
As of December 31, 2024, Rail Vikas Nigam Ltd secured two significant railway projects worth ₹541 crore, involving substation upgrades in Bhusaval-Khandwa and bridge construction for the Koraput-Singapur Road Doubling Project, enhancing railway infrastructure efficiency.
Stock performance of RVNL for Period of 1 week, 6 months and 1 year:
Rail Vikas Nigam Ltd (RVNL) has delivered a solid 5.83% return over the past week. However, it faced a 29.2% decline over the last six months. Despite this, it has shown impressive growth of 134% over the past year.
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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% | 2.30% |
| DII | 6.30% | 6.80% | 6.20% |
| Public | 15.80% | 17.30% | 18.70% |
About RVNL:
Rail Vikas Nigam Ltd (NSE: RVNL), incorporated in 2003 by the Government of India, specializes in executing rail infrastructure projects, including electrification, doubling, gauge conversion, bridges, and workshops, assigned by 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.
