Rail Vikas Nigam Limited (RVNL) has received orders of Rs 256 crore from Maharashtra Metro Rail Corporation Limited (Maha Metro/MMRC). Under this order, RVNL have to build an elevated metro station, an elevated station, eco park and metro city.
In the past too, many orders have been given to RVNL by state and central government companies. That’s why the shares of Rail Vikas Nigam Limited has doubled investors capital in the last 6 months. Share price of RVNL crossed the level of ₹ 138 from the level of ₹ 66. The company’s stock has shown an annual profit growth of 20% in the last 5 years.
Since 2020, the investors of RVNL have got 10,000% returns. For example: On March 27, 2020, the share price of this company was ₹ 12 per share, which was the lowest level. In the last one year, the company has given returns of 320 percent to investors. If we look at the returns for a period of 3 years, investors have got a return of 550 percent. In the last 5 days, the stock of Rail Vikas Nigam Limited has given more than 11% return to the investors.
Rail Vikas Nigam Limited
Rail Vikas Nigam Limited is a Navratna company established by the Government of India in the year 2003. RVNL makes many rail infrastructure projects. The company comes under the Ministry of Railways and currently its MD and Chairman is Pradeep Gaur.
MahaMetro is joint company of Government of India and Maharashtra state Government. Both the parties are 50:50 owner in this company. MahaMetro manages all the Metro Rail projects in Maharashtra. Shravan Hardikar is the Managing Director of MahaMetro and it is headquartered in Nagpur.
RVNL and IRCON are PSU companies engaged in development of railway infrastructure. In this manner a proposal was submitted to Railway ministry about merger of RVNL with IRCON.
Visit official website of MahaMetro, then In “Careers” section you will find latest job updates.
Official website: mahametro.org