Rail Vikas Nigam Limited (RVNL) shares increased by more than 3.3% on Wednesday, reaching an intraday high of Rs 72.70.
Also today ie: on Thursday 12 January 2023 share of RVNL Trading on upwards and this multibagger Small cap stock makes new record.
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Having received a LOA (Letter of Agreement) from Chennai Metro Rail Limited for the agreed-upon sum of Rs. 1134.11 crore, the business informed the exchange of this. The scope of the order comprises building an elevated viaduct, elevated metro stations at Sathyabama University, Sri Ponniamman Temple, Sholinganallur Lake-I, SemmeancheriII, Gandhi Nagar, Siruseri, Siruseri SIPCOT-l, and Siruseri SIPCOT-2, as well as the Stabling viaduct at SIPCOT.
Following their announcement on January 5, 2023, that they had obtained orders from Gujarat Metro Rail Corporation Limited for a contractual value of roughly Rs 166 crore, this news continues the company’s recent string of contracts.
A PSU that builds rail infrastructure is known as Rail Vikas Nigam Limited. an a and a. an a a. The an a. The an an an a In general, the firm operates on a turnkey basis and manages the full project development cycle, from ideation to commissioning, including phases of design, estimate preparation, and looks into all stages of project execution up to the level of commissioning of the new railway lines.
In just six months and a year, the firm has provided multibagger returns of over 128% and over 100%, respectively. Keep a watch on this multibagger railroad stock that is now popular.
