Mumbai16 minutes ago
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The stock of Rail Vikas Nigam Limited (RVNL) rose by 10% today to reach the level of Rs 958. Actually, the government company of the railway sector, RVNL, has received two orders, the effect of which is also visible in the stock today.
RVNL said it has received acceptance letter from Maharashtra Metro Rail Corporation (Nagpur Metro) for construction of six elevated metro stations, including Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club and Kanhan River metro stations.
Order worth ₹202.87 crore received from South Eastern Railway
Along with this, RVNL has received an order of ₹202.87 crore from South Eastern Railway. In this new project, RVNL has to design, supply, installation, testing and commissioning of 132 kV traction substation, sectioning and sub-sectioning in 2×25 kV system on Kharagpur-Bhadrak section of Kharagpur Division. This project has to be executed within a time frame of 18 months.
RVNL shares gave a return of 200% in 6 months
Currently, RVNL’s stock is trading at 591.65 with a gain of 9.01%. In the last 5 days, its stock has given a positive return of 39.41% and in one month, it has given a positive return of 57.84%. At the same time, in 6 months, RVNL’s stock has seen a gain of about 200%.
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