Multibagger Miniratna Company Receives LOA From NHAI For Order Worth Rs 808.48 Crores

Rail Vikas Nigam Ltd. (RVNL) has bagged a letter of award (LOA) from the National Highways Authority of India (NHAI) for an order worth Rs 808,48,28,700 Crore for the rehabilitation and upgradation of the Chandikhole-Paradip section of NH-53 (Old NH - 5A) on HAM mode. Earlier on Jul 07, 2023, the company announced that it had emerged as the lowest bidder for the same project.

It was stated that the National Highways Authority of India (NHAI) has awarded the project. Within a 24-month time frame, the contract is anticipated to be completed.

Letter of Award (LOA)

The company in an exchange filing has said, "Rail Vikas Nigam Limited has received LOA for 'Rehabilitation and Up gradation from 4 to 8 laning of Chandikhole - Paradip Section of NH-53 (Old NH - 5A) from Km. 60.000 to Km. 76.646 (Package-4) in the State of Odisha on HAM mode - 2nd Call."'

Declaration as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed as Annexure- A

S.No.	Particulars	Details of Projects
a.	Name of the entity awarding the order(S)/contract(s)	National Highways Authority Of India (NHAI)
b.	Significant terms and conditions of order(s)/contract(s) awarded in brief;	General Contract Conditions
c.	Whether order(s) / contract(s) have been awarded by domestic/ international entity;	Domestic Entity
d.	Nature of order(s) / contract(s);	Rehabilitation and up gradation from 4 to 8 laning of Chandikhole - Paradip Section of NH-53 (Old NH-5A) from Km.60.000 to Km.76.646 (Package-4) in the State of Odisha on HAM mode - 2nd Call.
e.	Whether domestic or international;	Domestic Entity
f.	Time period by which the order(s)/contract(s) is to be executed;	24 Month
g.	Broad Consideration or size of the order(s)/ contract(s);	The project is INR 808,48,28,700/- (Rupees Eight Hundred Eight Crore Forty-Eight Lakh Twenty-Eight Thousand Seven Hundred Only).
h.	Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof;	No
i.	Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at ?arms length?.	No

Stock Movement

On Friday, the stock of RVNL witnessed a notable increase in value, closed 0.76% higher at Rs 119.55 apiece on BSE. The stock has fallen 1.97% in the past 1 week, while in the past 1 month, it has fallen 3.35%. In the past 3 and 6 months, it has given a strong return of 62.50% and 50.28%, respectively. It gave 290.05% multibagger return in 1 year, 275.25% in 1 year and 524.28% in 5 years, respectively.

About - Rail Vikas Nigam Ltd. (RVNL)

RVNL is a Navratna CPSE under the Ministry of Railways, Government of India. RVNL was incorporated as a 100% owned PSU of the Ministry of Railways (MoR) on 24-1-2003 with the twin objectives of raising extra-budgetary resources and implementation of projects relating to the creation and augmentation of capacity of rail infrastructure on a fast track basis. RVNL became fully functional by March 2005. With a market capitalisation of Rs 24,926.42 Crore, RVNL is a large cap Construction company.