Rail Vikas Nigam share price: Railway related company Rail Vikas Nigam Limited (RVNL) has signed a deal with Delhi Metro for partnership in projects in India and abroad. The company said it has signed a memorandum of understanding (MoU) with Delhi Metro Rail Corporation Limited (DMRC). RVNL said in a stock exchange filing – Partnership has been made for metro, railways, high speed rail, highways, megabridges, tunnels, institutional buildings/workshops or depots, S&T works, railway electrification.
Central Railway Project
Recently RVNL has become the lowest bidder for the Central Railway project. Central Railways has emerged as the lowest bidder for upgrading the existing 1 x 25 KV electric traction system to 2 x 25 KV AT feeding system in the Wardha-Ballarshah segment in Nagpur division, according to a stock exchange filing. Under this, the loading target of 3000 metric tons has to be achieved. The total cost of the order is around Rs 133 crore and is to be completed in 24 months.
RVNL reported 17.4% revenue growth from last year at ₹6714 crore. At the same time, the margin increased by 20 basis points to 6.8% from 6.6% last year. RVNL’s net profit also increased by 33% year-on-year to ₹478.6 crore. The total order book at the end of FY 2024 was ₹85000 crore.
company order book
The company aims to generate revenue of ₹23000 crore for FY2025 and end the year with an order book between ₹92000 crore to ₹1 lakh crore. It is expected to get orders between ₹20000 crore to ₹25000 crore in FY 2025. The company had recorded revenue of ₹21889 crore in FY24.
Shares of RVNL closed 0.54% higher at ₹419.20 on the NSE on Thursday. With this the stock reached near its record high of ₹431.80, which was reached on June 24 this year.
