1,100 per cent returns and Rs 85,000 crore order book: This multibagger railway stock bags new order worth Rs 3,942,390,663.45 with Siemens Limited!
Siemens holds a 70 per cent stake in the joint venture, while RVNL holds the remaining 30 per cent.
Rail Vikas Nigam Limited (RVNL) also become a L1 bidder for contract from Central Railway awarded to upgrade the electric traction system along the Amla-Nagpur section.
Shares of Rail Vikas Nigam Limited have also delivered multibagger returns of about 1,100 per cent in a three-year holding period.
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1,100 per cent returns and Rs 85,000 crore order book: This multibagger railway stock bags new order worth Rs 3,942,390,663.45 with Siemens Limited!
Shares of the company gained more than 110 per cent in the last six months.
The Siemens-RVNL consortium secured a contract from Bangalore Metro Rail Corporation Limited (BMRCL) for the electrification of Phase 2A and 2B of Bangalore Metro. This involves designing, supplying, installing, testing and commissioning electrical systems including substations and a control system for the 57 km Blue Line. The contract valued at approximately is Rs 3,942,390,663.45 Plus EURO 41,119,535.00 as per the notification from the company which needs to be completed within 130 weeks. Siemens holds a 70 per cent stake in the joint venture, while RVNL holds the remaining 30 per cent.
Rail Vikas Nigam Limited (RVNL) also become a L1 bidder for contract from Central Railway awarded to upgrade the electric traction system along the Amla-Nagpur section. This project aims to increase the load capacity to 3000 MT. RVNL won the bid with a contract value of Rs 138.45 crore and will be given 24 months to complete the overhead equipment (OHE) modification work.
Rail Vikas Nigam Limited was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railway. Shares of Rail Vikas Nigam Limited have also delivered multibagger returns of about 1,100 per cent in a three-year holding period. DIIs increased their stake in the company in March 2024. The company has an order book of Rs 85,000.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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