Railway PSU Stock: RVNL shares to be in focus as company bags LoA worth Rs 96 crore

Railway PSU Stock: Multibagger railway PSU stock Rail Vikas Nigam Limited (RVNL) has informed exchanges that it has received a letter of acceptance (LoA) from North East Frontier Railway (Construction) for an EPC project.  worth Rs 95.95 crore.

Railway PSU Stock: RVNL Order Details

According to the information available, the order is related to the Arari-Thakurganj new line section in connection with the new line project of Araria-Galgalia.

"Letter of Acceptance (LOA) from NFR-CONST HQ-ELECTRICAL/N.F.RLY CONSTRUCTION for “Engineering, Procurement, Construction of Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification OHE and TSS Works of Araria - Thakurganj New line Section in connection with New Line Project of Araria - Galgalia of N.F. Railway,
including associated Works and Supply, erection, modification, testing and commissioning of SCADA for the section. (106.958 RKM/ 119.27 TKM). (in EPC mode)," the company said in an exchange filing.

Railway PSU Stock: RVNL Share Price History

This Railway PSU stock has given a multibagger return to investors. The stock is up 7 per cent in one month and 28 per cent in 3 months. The stock is up 43 per cent so far this year. The stock has surged by 58 per cent in the last 6 and 257 per cent in one year. In two years, it has given a return of 650 per cent and in 3 years a return of 860 per cent.

The counter had closed at Rs 261.20 in the last trading session, up by 0.40 per cent from the previous close of Rs 260.15.