Rvnl stock price: Government Company Rail Development Corporation Limited has received a letter of Exemption (LOA) for a contract from Delhi Metro Rail Corporation. This contract is under Delhi MRTS Phase-IV and has met Delhi Metro Rail Corporation Limited. The total value of the contract is ₹ 447.42 crore or 447,42,48,757.33. This includes 18% GST. The project is to be executed within 36 months.
The company has told the stock markets that this contract includes the design and construction of a 7.298 km long bridge, including 7 stations- Pushp Vihar, Saket District Court, Pushp Bhawan, Chirag Delhi, GK-1, Andrews Ganj and platforms for the city. Also, pre-engineered building structure is also included at all stations from Lajpat Nagar to Saket G Block Corridor.
Last week, Rail Vikas Nigam Limited said in an exchange filing that it had received a LOA from South Central Railway for a contract of Rs 143.3 crore. The contract is about the upgradation of the electric traction system of the cellum division. The project is to be completed within 24 months.
Rvnl Shares climbed 220 percent in 2 years
Rail Vikas Nigam Limited’s stock closed at Rs 382.35 with a slight increase of 0.21 percent on BSE on 14 July. The company’s market cap is Rs 79700 crore. After getting the new contract, the stock may rise on Tuesday, July 15. The stock is 39 percent below the price of a year ago. In 2 years, it has gained 220 percent, 1150 percent in 3 years, about 1900 percent in 5 years and 10 percent in 3 months.
By the end of March 2025, the government had a 72.84 percent stake in the company. The stock has a 52 -week high level of Rs 647 and a 52 -week low of Rs 295.25 on the stock. The face value of the stock is Rs 10.
How much profit in March quarter
In the January-March 2025 quarter, Rail Development Corporation Limited’s Revenue on Standalone Bay was Rs 6,345.11 crore. The net profit was Rs 373.34 crore and Earnings was Rs 1.79 crore per share. In FY 2025, the revenue was Rs 19,869.35 crore, net profit of Rs 1,188.62 crore and Earnings per share at Rs 5.70 crore.
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