“Receipt of Letter of Acceptance (LOA)”

Rail Vikas Nigam Limited (RVNL), a Public Sector Undertaking (PSU) which works as the construction arm of the Ministry of Railways (MOR), today, in its exchange filing said that,

The Company has received Letter Of Aceeptance from the Northern Railway (a domestic entity) for the Design and Construction of New Rail Cum Road Bridge No. 11 over the river Ganga, 50 Meters downstream of the existing old Malviya Bridge near Kashi Railway Station. Source: BSE

The contract includes the sub-structure and super-structure of the Bridge for four line tracks on the lower deck and a six-lane Road on the upper deck, including Railway and Road approaches as per GAD, along with associated OHE Works and General Electric works in the “Lucknow Division” of Northern Railway at Varanasi, Uttar Pradesh, India.

The project will be executed through a joint venture structure: Rail Vikas Nigam Limited (60%) and GPT Infraprojects Limited (40%).

Project Size

The total value of the project is Rs. 12,01,35,69,000/- (Rupees Twelve Hundred One Crore Thirty-Five Lakh Sixty-Nine Thousand Only) (Incl. all taxes).

Project Duration

As per the details available on the BSE website, the project is to be executed over a period of 48 months from the date of the Purchase Order.

Refer to Rail Vikas Nigam Limited News for detailed information.

• The company’s market capitalization is ₹64,500 Cr.
• The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day Simple Moving Averages (SMA).

Upcoming IPO: Gaudium IVF IPO Review

27 March 2019

Rail Vikas Nigam Limited (RVNL), a wholly owned government company, a Miniratna (Category – I) Schedule ‘A’ Central Public Sector Enterprise, is planning to raise INR 430.88 Cr to 481.57 Cr (all OFS) via initial public offer (IPO)

rail_vikas_nigam_ipo_date is 29 March 2019 to 3 April 2019

Rail Vikas Nigam Limited – Company Profile

RVNL was incorporated on 24-1-2003 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 rising of extra-budgetary resources for project execution.

It functions as an extended arm of the Ministry of Railways working for & on behalf of MoR.

Since its inception in 2003, MoR has transferred 172 projects to Rail Vikas Nigam of which 166 projects are sanctioned for execution. Out of these, 60 projects have been fully completed totaling to INR 167,777.00 million and the balance is on-going.

RVNL has an order book of INR 686,836.20 million as on February 28, 2018, which includes 106 on-going projects.

rail vikas nigam limited ipo price set at INR 17 to INR 19

Rail Vikas Nigam Limited – Business Activities

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…

New Lines: This includes augmenting the rail network by laying new lines. The objective of laying new lines includes achieving seamless multi-modal transportation network across the country and connecting remote areas.

Doubling: Doubling involves the provision of additional lines by way of doubling the existing routes to enable the Indian Railways to ease out traffic constraints of single line and increase the charted capacity.

Gauge Conversion: Conversion of meter gauge lines to broad gauge railway lines.

Railway Electrification: Electrification of the current un-electrified rail network and electrification on the new rail network.

Metropolitan Transport Projects: Setting up of metro lines and suburban network in metropolitan cities.

Workshops: Workshops for repairing rolling stock and other repairs.

Others: This includes but is not limited to the construction of car sheds, construction of bridges including rail over bridges, the building of subways in lieu of crossings etc.

Work Execute

During the financial year ending 31 March 2018, RVNL has completed a total of 885.50 rkm (Route Kilometers) of project length which included 315.20 rkm of doubling and 425 rkm of railway electrification.

Company Promoters

The promoter of the company is the President of India.

IPO Opening / Closing Date

IPO Details – Price, Minimum Bid and Other

Rail Vikas Nigam Limited – Financials

Revenue

RVNL posted steady revenue growth in the last four years. Top-line for FY 2015 stood at INR 3269.80 Cr and the same was stood at INR 7822.30 Cr for the period ended 31 March 2018

Profit

Same as Revenues, the company able to post steady growth in the bottom-line. RVNL reported a Net Profit of INR 336.80 Cr for FY 2015 and the same was stood at INR 569.40 Cr for the period ended 31 March 2018

CONCLUSION –

Considering the company’s valuation and financial parameters, FinBlab recommends SUBSCRIBE ratings on Rail Vikas Nigam Limited IPO

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