RVNL shares boasts 2.45% amid getting major contract from East Central Railway
The project includes the design, supply, erection, testing, and commissioning of traction substations with associated switching posts.
RVNL shares boasts 2.45% amid getting major contract from East Central Railway
Rail Vikas Nigam Limited (RVNL) has recently informed exchanges that the company emerged as the Lowest Bidder (L1) for a significant project awarded by East Central Railway.
The project includes the design, supply, erection, testing, and commissioning of traction substations with associated switching posts. The total cost of the project is worth Rs 186.76 crore. The Execution Time is 540 Days.
As per the financial performance, the company reported a profit growth rate of 15.38% and a sales growth of 7.15%. The earnings per share (EPS) stands at Rs 6.46, while the price-to-earnings (P/E) ratio is 64.96, indicating that the stock may be overvalued compared to its earnings potential. The company maintains cash reserves of Rs 2,997.13 crore against a debt of Rs 6,004.68 crore, which raises concerns about financial leverage.
Read Also : How to Prepare for Unexpected Questions in Bank PO InterviewsNews Must Read
- Delhi Metro awards maintenance contract to Beumer India for Airport Line
- SBI recognized as Best Bank in India for 2024 by Global Finance Magazine
- Solex Energy collaborated with SBI to provide finance for solar projects
- BPCL signs pact with Oil India to develop city gas distribution project in Arunachal Pradesh
- Ramesh Krishnamurthi appointed as new CPFC Chief
- HPCL invested Rs.3,771 crore in Q2FY25 to boost refining, signed multiple agreements
- IIM Shillong, SIDBI joins hands to strengthen Northeast Entrepreneurship
- GRSE launches 7th Anti-Submarine Warfare Shallow Water Craft
- NLCIL Q2 Results: PAT declines 9.2% stands at Rs 982.41 crore
- REC Limited incorporates new subsidiary company