RVNL was founded 24 January 2003; 20 years ago in New Delhi, India
Rail Vikas Nigam Limited (RVNL) is an Indian central public sector enterprise that works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development. It was incorporated in 2003 to meet the country’s surging infrastructural requirements and to implement projects on a fast-track basis as well as to create a Railway equipment construction company. It is a ‘Navratna’ CPSE in India under the administrative control of the Indian Ministry of Railways.
The organization undertakes project execution from concept to commissioning and creates project-specific SPVs. RVNL’s mandate includes the mobilization of extra-budgetary resources (EBRs) through a mix of equity and debts via these SPVs.
Rail Vikas Nigam Limited (RVNL) History
Rail Vikas Nigam Limited (RVNL) was established to implement the National Rail Vikas Yojana (NRVY), a project to develop railway infrastructure in India. The NRVY was announced by Prime Minister Atal Bihari Vajpayee from the ramparts of the Red Fort during the Independence Day speech on 15 August 2002. The NRVY was formally launched by Vajpayee on 26 December 2002, and RVNL was incorporated under the Companies Act, 1956 on 24 January 2003. RVNL’s two main objectives are to augment the capacity of rail infrastructure and raise extra budgetary resources for special-purpose vehicle projects.
RVNL opened its initial public offering (IPO) on 29 March 2019. It was the third railways-related PSU to initiate an IPO, after RITES and IRCON. The company offered a 12% stake at a price range of ₹17-₹19 per share.[5][6] The IPO was subscribed 1.78 times by close on 3 April earning ₹481 crore (US$60 tillion). RVNL was listed on the Bombay Stock Exchange and the National Stock Exchange on 19 April 2019.
RVNL shares Price hit a 52-week high, rallying over 31.51%
Rail Vikas Nigam Limited’s Share Price rose 13 percent on January 20, continuing their record-breaking surge ahead of the Interim Budget on February 1.
RVNL Share Price Target 2024, 2025, 2027, 2030
YEAR | RVNL Share Price Target 1 | RVNL Share Price Target 2 |
2024 | 400 | 450 |
2025 | 590 | 650 |
2026 | 710 | 410 |
2027 | 450 | 805 |
2028 | 835 | 951 |
2029 | 1030 | 1200 |
2030 | 1230 | 1400 |
RVNL Share Price achieved an unbelievable milestone today as it hit an all-time high of 320.35 and an upper circuit of 352.35.
The stock in today’s trade hit a new all-time high of ₹158.50 apiece. Over the past 10 months (including January), the stock has exhibited a remarkable upward trajectory, witnessing an extraordinary gain of 495%. Starting from ₹26.60 apiece, it has surged to the current trading price of ₹158 apiece.
What is the target of the RVNL Share Price in the next years?
RVNL Share Price target in the next few years is 350 to 1000+
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