This BSE 500 construction company bags an order worth Rs 38.40 crore!

The stock has jumped more than 140 per cent in the last 6 months.

On January 24, 2023, Rail Vikas Nigam Limited informed in the exchange filing that it has received LoA for ‘Provision of Automatic Block Signalling with Dual MSDAC, EI/OC Interface and Block Optimization in Arakkonam Junction (AJJ)-Nagari (NG) Section of Chennai (MAS) Division in Southern Railway (Reach-I).’ The project cost is Rs 38.40 crore (including GST).

Earlier, the company had emerged as the Lowest Bidder (L1) for the two works. The first order is for the Supply, Erection, Testing and Commissioning of the Power Supply Receiving & Distribution System, 750 V DC Third Rail Traction Electrification and Scada System for Surat Metro Rail Project Phase-I. The cost of the project is Rs 673.8 crore. The second order is for the Supply, Erection, Testing and Commissioning of the Power Supply Receiving & Distribution System, 750 V DC Third Rail Traction Electrification and Scada System for Ahmedabad Metro Rail Project Phase-II. The cost of the project is Rs 384.3 crore.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings etc.

Today, the stock opened at Rs 76.40 with a high and low of Rs 77.50 and Rs 75.00. The stock closed trading at Rs 75.60, up by 0.20%.

In the last six months, the shares of the company have given more than 140% returns and on a YTD basis, the stock has given about 10% returns. The BSE group 'A' stock has a face value of Rs 10.

The stock has a 52-week high of Rs 84.15 and a 52-week low of Rs 29.00. The company has a ROCE of 16.8% and an ROE of 19.7%, with a market capitalisation of Rs 15,763 crore.