RVNL stock price: RVNL shares jump 15%

NEW DELHI: Shares of Rail Vikas Nigam (RVNL) surged as much as 15 per cent in Monday’s session.

The company is engaged in building railway projects, including setting up and doubling of new lines, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges and institution buildings.

Of them, activities such as laying of new lines and provisioning additional lines along existing tracks together bring in 75 per cent of the company’s revenues.

As of December 31, RVNL had an order book of Rs 77,500 crore, which included 102 ongoing projects, besides new lines, doubling and metropolitan transport projects accounting for 88 per cent. In FY18, it completed 885 km in project length.

The company reported 33.7 per cent annual growth in revenues during FY15-18. Profit rose 19.1 per cent compounded annually during this period. Margins fell by over 300 basis points at both Ebitda and net profit levels.

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