Introduction:
Leading infrastructure firm has emerged as the Lowest Bidder (L1) for a major Central Railway project. The contract involves designing, supplying, and commissioning a 132/55 KV traction substation to enhance the Bhusaval-Khandwa section’s railway infrastructure.
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Share price movement of RVNL:
On December 31, 2024, Rail Vikas Nigam Ltd opened at ₹414.50, up 1.33% from its previous close of ₹409.10. The stock reached a high of ₹439.90 (7.54%) and a low of ₹414.50. By 11:01 AM, it traded at ₹430.85, a 5.32% increase, with a market cap of ₹89,833.09 crore.
RVNL Wins Central Railway Project:
Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for a significant project from Central Railway. The contract includes the design, supply, erection, testing, and commissioning of a 132/55 KV traction substation.
The project, focused on the Bhusaval-Khandwa section of Central Railway, aims to meet a 3000 MT loading target through the 2 x 25 KV traction system. RVNL’s bid includes the installation of sectioning posts and sub-sectioning posts in this critical railway section.
The contract will be executed on an EPC (Engineering, Procurement, and Construction) basis, enhancing railway infrastructure. RVNL’s successful bid underscores its expertise in large-scale infrastructure projects, further cementing its position in India’s railway modernization.
Recent news on RVNL:
As of December 16, 2024, Rail Vikas Nigam Ltd received a Letter of Acceptance for a ₹270-crore project from Maharashtra Metro Rail Corporation for constructing 10 elevated metro stations as part of the second phase of the Nagpur Metro Rail Project.
Stock performance of RVNL for Period of 1 week, 6 months and 1 year:
Rail Vikas Nigam Ltd. (RVNL) has seen a 4.73% decline over the past week, a 2.50% drop over the last six months, but an impressive 124% return over the past year, indicating strong long-term performance despite recent fluctuations.
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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) is a leading infrastructure development company focused on the construction and maintenance of railway projects. It specializes in electrification, track laying, and signal systems, playing a key role in India’s railway modernization.
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.
