RVNL Emerges L1 For Order Worth Rs 311.17 Cr From Central Railway

Rail Vikas Nigam Ltd. (RVNL) on Tuesday, informed stock exchanges that the company has emerged Lowest bidder for an order worth Rs. 311.17 Crores from Central Railway.

The Order is for the construction of 4 Nos. (total Length 1.6km) Tunnels with ballastless track, Earthwork in formation, Construction of Important Bridges (2nos), Major Bridges (1no), Minor Bridges (25nos), Supply of Stone ballast, Track linking, side drain retaining wall etc. from 831.8 KM to 841.9 KM in Dharakoh Maramjhiri in connection with third line.

The company in a exchange filing said, "M/s RVNL emerges as the Lowest Bidder (L1) for "Construction of 4 Nos. Tunnels (total Length 1.6km) with ballast less track, Earthwork in formation, Construction of Important Bridges (2nos), Major Bridges (1no), Minor Bridges (25nos), Supply of Stone ballast, Track linking, side drain retaining wall etc. from Km 831.8 to Km 841.9 in Dharakoh Maramjhiri section in connection with third line."

The RVNL's stock declined 1.91%, ended at Rs 166.55 apiece on the BSE with day's highs and lows of Rs 170.75 and Rs 165, respectively.

The stock has given 157.34% multibagger return in 6 months. It gave 394.95% multibagger return in 1 year, 454.24% in 2 years, and 762.95% in 3 years, respectively.

Its 52-week high is Rs 199.35 apiece and 52-week low is Rs 32.80 apiece on the BSE. RVNL has a market cap of Rs 34,726.01 Crore.

Rail Vikas Nigam Limited (RVNL) is a Navratna CPSE under the Ministry of Railways, Government of India. The company is engaged in the business of implementing various types of Rail infrastructure projects assigned by the Ministry of Railways.