Introduction:
Major contract has been awarded for the upgradation of the electric traction system in the Gomoh-Patratu Section of Dhanbad Division. The project, valued at ₹186.77 crore, will improve system efficiency with a completion deadline of 540 days.
Share price movement of RVNL:
On December 4, 2024, Rail Vikas Nigam Ltd (RVNL) opened at ₹443.60, up 1.37% from its previous close of ₹437.60. The stock reached a high of ₹451.85 (3.24%) and a low of ₹442.00. By 10:40 AM, it traded at ₹443.60, with a market cap of ₹92,491.49 crore.
RVNL secures ₹186.77 crore contract:
Rail Vikas Nigam Limited (RVNL) has secured a significant contract from East Central Railway for the upgradation of the electric traction system in the Gomoh-Patratu Section of Dhanbad Division. The contract value is Rs. 186.77 crore.
The scope of the contract includes the design supply, erection, testing, and commissioning of traction substations and associated switching posts. This work aims to upgrade the electric traction system from a 1X25 KV to a 2X25 KV AT feeding system.
The project, tendered under EPC-PSI-GMO-PTRU-ECR-01, is expected to enhance the efficiency and reliability of the railway’s electrification system. The project is set to be completed within 540 days, with no related party transactions involved.
Recent news on RVNL:
As of November 28, 2024, Rail Vikas Nigam Limited (RVNL) has been awarded an EPC contract by South Central Railway for the doubling of the Parbhani-Parli railway section in Maharashtra, valued at Rs 6.25 billion, including GST.
Stock performance of RVNL for Period of 1 week, 6 months and 1 year:
Rail Vikas Nigam Limited (RVNL) has experienced a slight decline of 0.38% in the past week. However, it has shown impressive growth with a 16.9% return over 6 months and a strong 158% return over the last year.
Also Read: EV stock jumps 7% after it reports 197% YoY increase in sales in November 2024
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) is a government-owned company, incorporated in 2003. It executes various railway infrastructure projects, including doubling, electrification, and new lines. It also shares freight revenue 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.
