RVNL secures orders worth Rs 4058 cr from Chennai Metro Rail

Today, Rail Vikas Nigam Ltd informed in the exchange filing that it has secured three orders from Chennai Metro Rail Ltd (CMRL) for the construction of underground stations for the Phase-II Project.  

The first project is for the construction of five underground stations at KMC Kilpauk, Sterling Road Junction, Nungambakkam, Gemini (Anna flyover), thousand lights and lights cross over box and work other than diaphragm wall of two underground stations at Rayapettah government hospital and Chetpet mero in corridor 3 of CMRL Phase-II Project. The time period by which the order is to be executed is 1725 days. The order is worth Rs 1730.6 Crore. 

The Second Project is for the construction of four underground stations at Dr Radhakrisnhan Sala, Thirumayilai, Mandaiveli, and Adyar Junction and two cross-passage shafts, and one emergency escape shaft and works. The time period by which the order is to be executed is 1725 days. The order is worth Rs 1462 Crore. 

The Third project is for the construction of three underground stations at Adyar depot, Indra Nagar, and Taramani road junction. The time period by which the order is to be executed is 1630 days. The order is worth Rs 865.6 Crore. 

Today RVNL’s share opened at Rs 116.15 gap down by 6.6% from the previous day’s closing of Rs 124.4. The stock’s 52-week high and low stand at Rs 144.50 and Rs 29, respectively. The market capitalization of the company is Rs 25,551 Crore. Over the past three months, the stock has shown a remarkable return of 89%, while in just one year, it has generated an impressive multibagger return of approximately 318%. 

In FY23, RVNL Ltd experienced significant growth in revenue, surging by 4.6% from Rs 19,382 Crore to Rs 20,282 Crore. The company achieved an operating profit of Rs 1,247 Crore, reflecting a margin of 6%. The net profit for the year amounted to Rs 1,421 Crore. The Return on Capital Employed (ROCE) stands at 17.8%, while the Return on Equity (ROE) is reported as 20.7%. 

Rail Vikas Nigam Ltd was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects. The company mainly caters to laying new railway lines, railway infrastructure, and gauge conversion.