Introduction:
Railway stock received a Letter of Acceptance for an EPC contract from South Central Railway to double the track between Parbhani and Parli stations. Spanning 58.06 kilometers, the project includes electrification and signaling, enhancing India’s rail infrastructure.
Share Price movement of Rail Vikas Nigam Ltd:
On November 26, 2024, Rail Vikas Nigam Ltd (NSE: RVNL) opened at ₹440.30, reached an intraday high of ₹443.90, and a low of ₹432.20. The stock closed at ₹434.05, reflecting a decline of 0.85%. The market cap stands at ₹90,489.87 crore.
Rail Vikas Nigam Ltd Share Price Rises After Receiving New Order:
Rail Vikas Nigam Limited (RVNL) has announced via a regulatory filing that it received a Letter of Acceptance from South Central Railway. The acceptance pertains to the engineering, procurement, and construction (EPC) contract for doubling the track between Parbhani and Parli stations.
The project covers 58.06 kilometers but excludes the Gangakhed yard, which spans from km 292.075 to km 298.85, approximately 6.775 km. This EPC contract also includes essential electrification and signaling works, crucial for enhancing rail infrastructure.
This project is part of the broader Parbhani-Parli doubling project in Maharashtra, aimed at improving connectivity and increasing rail capacity in the region. The initiative reflects RVNL’s ongoing commitment to expanding and upgrading India’s railway infrastructure.
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Recent news About Rail Vikas Nigam Ltd:
On November 26, 2024, Rail Vikas Nigam Ltd (RVNL) secured a major contract from Eastern Railway for infrastructure enhancements between Kalipahari and Pradhankhuta. The project includes extensive earthwork and bridge construction, vital for bolstering crucial railway structures.
Stock performance of Rail Vikas Nigam Ltd for Period of 1 week, 6 months and 1 year:
Over the past week, Rail Vikas Nigam Ltd stock saw a modest increase of 0.43%. In the last six months, the stock has appreciated by 13.4%. Remarkably, it has surged by 160% over the past year, reflecting robust long-term growth and investor confidence.
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Shareholding pattern of Rail Vikas Nigam Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 72.84 | 72.84 | 72.84 |
| FII | 5.05 | 3.13 | 2.32 |
| DII | 6.33 | 6.77 | 6.18 |
| Retail & others | 15.78 | 17.25 | 18.66 |
About Rail Vikas Nigam Ltd:
Rail Vikas Nigam Ltd specializes in rail infrastructure development, undertaking all tasks associated with the building and enhancement of railway networks. The company manages projects that include new lines, station modernizations, and additional third and fourth lines to boost rail connectivity across India.
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.
