
Multibagger railway stock RVNL rises 7% on ₹3622 crore order flow from BSNL
Live MintStock Market Today: Multibagger railway stock Rail Vikas Nigam Ltd share price gained more than 7% in the morning trades on Thursday as it announced receiving ₹3622 Crore order from Bharat Sanchar Nigam Ltd Rail Vikas Nigam Ltd share price movemnet The Rail Vikas Nigam Ltd share price opened at ₹388.00 on the BSE on Thursday, slightly higher than previous close of ₹371.90. Rail Vikas Nigam Ltd share price having risen almost 5 folds in past two year is up 1484% in last 5 years and has given multibagger returns to the investors Rail Vikas Nigam Ltd order details Rail Vikas Nigam Ltd on Wednesday post market hours announced receiving Letter of Acceptance received from Bharat Sanchar Nigam Limited. Rail Vikas Nigam Ltd said that A Letter of Acceptance has been received from Bharat Sanchar Nigam Limited for “Development of Middle mile network of Bharat Net on Design Build Operate and Maintain Model.” Rail Vikas Nigam Ltd said that Ttme period by which the order / contract is to be executed stands at 3 years however maintenance contract is for 10 years i,e Three Years for construction & 10 years of Maintenance Contract @ 5.5% per annum of capex for 1st 5 years & @ 6.5% per annum of caRex for next 5 years The Broad consideration or size of the order contract stands at Rs. While RVNL is a Lead Member, HFCL Ltd is also a Consortium Member along with ATS: Consortium Member HFCL Ltd share price gains HFCL Ltd thereby also gained 4-5% on the BSE on Thursday
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