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Rail Vikas Nigam Ltd.

BSE: 542649 Sector: Infrastructure
NSE: RVNL ISIN Code: INE415G01027
BSE 00:00 | 24 Apr 2020 Rail Vikas Nigam Ltd
NSE 05:30 | 01 Jan 1970 Rail Vikas Nigam Ltd

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OPEN 17.66
PREVIOUS CLOSE 17.66
VOLUME 135265
52-Week high 29.85
52-Week low 10.20
P/E 4.69
Mkt Cap.(Rs cr) 3,605
Buy Price 17.30
Buy Qty 1101.00
Sell Price 17.85
Sell Qty 200.00
OPEN 17.66
CLOSE 17.66
VOLUME 135265
52-Week high 29.85
52-Week low 10.20
P/E 4.69
Mkt Cap.(Rs cr) 3,605
Buy Price 17.30
Buy Qty 1101.00
Sell Price 17.85
Sell Qty 200.00

Rail Vikas Nigam Ltd. (RVNL) - Company History

Rail Vikas Nigam Limited was incorporated in New Delhi as a public limited company on 24 January 2003. The Company was issued its Certificate of Commencement of Business on February 18 2003. Further the Company has been conferred the status of `Schedule A - Public Sector Enterprise'. The Ministry of Railways ('MoR') vide letter dated September 19 2013 bearing reference no. 2010/PL/52/1 conveyed the approval of the DPE granting the Company the status of `Category I Miniratna Company'. The Company is a wholly owned government company as a project executing agency working for and on behalf of MoR. The Company was incorporated with an objective to undertake rail project development mobilization of financial resources and implementation of rail projects pertaining to strengthening of golden quadrilateral and port connectivity and raising of extra- budgetary resources for project execution. The Company is in the business of executing all types of railway projects including new lines doubling gauge conversion railway electrification metro projects workshops major bridges construction of cable stayed bridges institution buildings etc. Since the inception in 2003 MoR has transferred 172 projects to Rail Vikas of which 166 projects are sanctioned for execution. Out of these 60 projects have been fully completed totaling to Rs. 167777.00 million and the balance are ongoing. The Company has an order book of Rs.686836.20 million as on February 28 2018 which includes 106 ongoing projects. During the financial year ending March 31 2017 the company has completed a total of 713.73 rkm of project length which included 355.73 rkm of doubling and 358 rkm of railway electrification. The Company generally works on a turnkey basis and undertake the full cycle of project development from conceptualization to commissioning including stages of design preparation of estimates calling and award of contracts project and contract management etc. The projects undertaken by the company are spread all over the country and for efficient implementation of projects 37 project implementation units (PIUs) have been established at different locations to execute projects in their geographical hinterland. They are located at Delhi Mumbai Kolkata (4 units) Chennai Secunderabad (2 units) Bhubaneshwar (3 units) Bhopal (3 units) Jhansi Kota Jodhpur Waltair (2 units) Bengaluru Pune Raipur (3 units) Lucknow (2 units) Rishikesh Ahmedabad (2 units) Kanpur Varanasi (2 units) Chandigarh Mughalsarai Ambala and Guwahati. The company's major client is the Indian Railways. Its other clients include various central and state government ministries departments and public sector undertakings. Rail Vikas Nigam Limited came out with an Initial Public Offering (IPO) of 253457280 equity shares of Face Value of Rs 10 each of the company through an offer for sale by the President of India acting through the Ministry of Raliways Govt. of India (the selling shareholder) for a cash price of Rs 19 per equity share aggregating to Rs 477.11 Crores. The face value of equity shares is Rs 10 each. The IPO was priced at Rs 19 per equity share.During the year 2017 Rail Vikas Nigam Ltd. (RVNL) received an amount of Rs 4776.41 crore for project expenditure during the current year from Ministry of Railways (MOR) for execution of various works.Cumulatively RVNL completed a total of 2353.32 km of doubling 1590 km of gauge conversion 213.82 km of new lines and 2837.07 km of railway electrification. Thus as on 31 March 2017 6994.21 km out of a total length of 17689 km of 161 sanctioned projects (8 projects of 902.86 km of length are yet to be sanctioned) assigned to RVNL have been completed.During 2016-17 713.73 km (355.73 km of doubling and 358 km of railway electrification) of project length have been physically completed. In addition railway electrification of 199.71 km was also carried out in other than specific railway electrification projects as part of doubling.


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