RVNL bags LoA from NHAI worth Rs 808.48 crore

14 Jul 2023 , 02:28 PM

The National Highways Authority of India has issued a Letter of Award (LOA) to Rail Vikas Nigam Limited in the amount of Rs 808.48 crores. The Chandikhole-Paradip Section of NH-53 (Old NH-5A) from Km. 60.000 to Km. 76.646 in the State of Odisha is to be rehabilitated and upgraded from 4 to 8 lanes.

Mid-cap company Rail Vikas Nigam Ltd. is in the construction industry. The market value of it is 25166.19 crores. Construction-related revenue is the primary product/revenue sector for the company.

Rail Vikas Nigam Ltd. recorded a consolidated total income of Rs 5,975.88 Crore for the three months ending March 31, 2023. This indicates a 10.10% decline from the total income of Rs 6,647.52 Crore in the same quarter last year, but a 12.90% increase from the preceding quarter’s total income of Rs 5,293.0 Crore. In the most recent quarter, the company reported a net profit after tax of 341.43 crores.

At 13:22 PM IST on July 14, 2023, the share price of Rail Vikas Nigam was 119.95. The company outperformed the S&P BSE Industrials, which gained 265.3% during the same three-year period, by generating a return of 511.14%. 

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