RVNL Bags ₹201 Cr East Coast Railways Project; Shares Soar 927% in 5 Years

• Rail Vikas Nigam Limited (RVNL) secured a ₹201.23 crore Letter of Acceptance from East Coast Railways for a wagon POH workshop.
• The project involves establishing a 200-wagon periodical overhauling workshop in Kantabanji, Odisha, crucial for railway freight efficiency.
• The domestic project, awarded to RVNL as the sole bidder, is set for completion in 18 months, strengthening its order book.
• RVNL shares closed down 4.16% on Thursday but have delivered a remarkable 927.67% multibagger return over the last 5 years.
• As a Government of India company, RVNL implements major railway infrastructure projects like new lines, doubling, and electrification.

Why It Matters: RVNL secures a major ₹201 Cr railway project, boosting its order book and demonstrating strong long-term stock growth.