Shares of railway company Rail Vikas Nigam Limited (RVNL) have made a new record. Shares of Rail Vikas Nigam Limited rose by more than 6 percent on Monday to reach Rs 399.70. Shares of Rail Vikas Nigam have reached their life time high. This rise in the shares of the company has come due to getting a big project. Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder for a project of Maharashtra Metro Rail Corporation.
Company will build 6 elevated metro stations
Rail Vikas Nigam Limited (RVNL) has said in a company release that it has emerged as the lowest bidder for a project of Maharashtra Metro Rail Corporation Limited (Nagpur Metro). In this project, Rail Vikas Nigam has to construct 6 elevated metro stations. These stations include Cantonment, Kempty Police Station, Kempty Municipal Council, Dragon Palace, Golf Club and Kanhan River Metro Station. The value of this project is Rs 187.34 crore and it is to be completed within 30 months.
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1150% rise in shares in 2 years
Shares of Rail Vikas Nigam Limited have increased by more than 1150% in the last 2 years. Shares of Rail Vikas Nigam were at Rs 31.55 on May 27, 2022. The shares of the railway company have reached Rs 399.70 on 27 May 2024. In the last one year, the shares of Rail Vikas Nigam have increased by more than 220%. In a year, the company’s shares have increased from Rs 121.55 to almost Rs 400. In the last 6 months, the shares of the railway company have seen a rise of 140%. The shares of the company were at Rs 166.10 on 28 November 2023, which have now reached Rs 399.70.
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