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Railway stock jumps 6% after it receives order worth ₹554 Cr for Bengaluru Suburban Rail Project

Railway stock secured a ₹554.47 crore project from K-RIDE to build nine suburban stations under BSRP, spanning 24 months and covering civil, structural, and E&M works.
Railway stock wins ₹554.47 crore K-RIDE project to build nine suburban stations.
Railway stock wins ₹554.47 crore K-RIDE project to build nine suburban stations.

Introduction:

Railway stock has secured a ₹554.47 crore project from K-RIDE to construct nine suburban stations under the Bengaluru Suburban Rail Project (BSRP). The project spans 24 months and includes civil, structural, and E&M works, with no related party transactions involved.

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Share Price movement of Rail Vikas Nigam:

On February 19, 2025, Rail Vikas Nigam Ltd opened at ₹332.00, reaching a high of ₹376.30, up 11.85% from its previous close of ₹333.35, and a low of ₹329.30. Currently, it is trading at ₹372.85, with a market cap of ₹77,739.97 crore.

Rail Vikas Nigam receives new order:

Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance from Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) for the construction of nine suburban stations under the Bengaluru Suburban Rail Project (BSRP). The project will span 24 months.

The scope includes constructing one elevated and eight at-grade stations, with civil, structural, and E&M works, as well as the detailed design and engineering. The total project cost is ₹554.47 crore (excluding GST), with RVNL holding a 51% share in the joint venture.

This contract is part of the company’s regular business operations and does not involve related party transactions. RVNL confirms no interest from its promoter or group companies in the awarding entity, ensuring transparency in the process.

Also Read: Pharma stock jumps after company’s board to consider stock split

Recent news About Rail Vikas Nigam :

On February 10, 2025, Rail Vikas Nigam Limited (RVNL) secured the Lowest Bidder (L1) status for a South Western Railway project. It involves the survey, design, supply, installation, testing, and commissioning of KAVACH equipment to enhance railway safety across 790 RKM.

Stock performance of Rail Vikas Nigam for Period of 1 week, 6 months and 1 year:

Over the past week, Rail Vikas Nigam stock saw a decline of 10.3%. In the last six months, it dropped 41.8%. However, the stock has posted a positive return of 24.7% over the past year, indicating growth despite recent short-term challenges.

Also Read: IT stock jumps 10% after it launches GPU based Ai lab infrastructure

Shareholding pattern of Rail Vikas Nigam:

All values in %Dec-24Sep-24Jun-24
Promoters72.8472.8472.84
FII5.15.053.13
DII6.166.336.77
Retail & others15.915.7817.25
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About Rail Vikas Nigam:

Rail Vikas Nigam is an Indian public sector enterprise engaged in railway infrastructure development. It specializes in the planning, designing, and implementation of various railway projects, including track laying, station development, and signaling, contributing significantly to India’s railway network modernization.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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