RVNL share price: Shares of Rail Vikas Nigam Limited (RVNL) witnessed a strong rally of about 8 percent today on December 31. Currently, this stock is trading at Rs 426.45 on BSE with a gain of 4.24 percent. Actually, the company has got two projects worth Rs 541 crore. After this news, there is huge buying of shares of the company. With today’s rise, the market cap of RVNL has increased to Rs 88853 crore. The stock’s 52-week high is Rs 647 and 52-week low is Rs 177.50.
RVNL got these two projects
RVNL has won the project worth Rs 137 crore from Central Railways. This project is to be completed in 24 months. The railway firm will undertake the design, supply, construction, testing and commissioning of 132/55 KV traction substation, sectioning post and sub-sectioning post in the Bhusaval-Khandwa section.
2 x 25 KV Traction System (Scott Connected Transformer) of Bhusaval-Khandwa section of Central Railway will be upgraded to meet 3000 MT loading target on EPC mode.
The second project awarded to RVNL is worth Rs 404 crore, which will be completed within 30 months. The company will construct 27 major bridges between Tikiri and Bhalumaska stations of Waltair Division, East Coast Railway, under the Koraput-Singapore Road Doubling Project. Along with this, construction of approach roads, security works and other related minor works will also be carried out under the project.
Investors’ money doubled in 2024
RVNL shares have made huge profits for its investors in the year 2024. During this period it has given an excellent return of 133 percent. This means that investors’ money doubled. However, this stock has been under pressure for some time now. In the last 6 months it has increased by only 3 percent.
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