Latest RVNL Dividend Announcement
Rail Vikas Nigam Limited (RVNL), a public sector enterprise under the Ministry of Railways, has declared an interim dividend of Rs. 1.77 per share for the financial year 2022-23. This announcement is expected to be welcomed by the company’s shareholders, as it reflects RVNL’s commitment to sharing its profits with its investors. The ex-date and record date for the dividend have been set for 06 April 2023.
RVNL is responsible for executing railway infrastructure projects in India, including construction and renovation of railway stations, tracks, bridges, and tunnels. The company plays a crucial role in the development of the Indian railway network, which is one of the largest in the world.
RVNL has been at the forefront of several key railway projects in India, including the dedicated freight corridor project and the high-speed rail corridor project. The company’s expertise in project management and execution has been crucial in the successful implementation of these projects.
The interim dividend declared by RVNL is a sign of the company’s strong financial performance and stable cash flows. It is also an indication of the company’s commitment to rewarding its shareholders. The ex-date and record date have been set for 06 April 2023, which means that shareholders who own shares of the company before this date will be eligible to receive the dividend.
RVNL Share Price
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RVNL Dividend History
| Security Code | Security Name | Ex Date | Purpose | Record Date |
|---|---|---|---|---|
| 542649 | Rail Vikas Nigam Ltd | 06 Sep 2019 | Final Dividend – Rs. – 0.0900 | – |
| 542649 | Rail Vikas Nigam Ltd | 08 Dec 2020 | Dividend – Rs. – 1.1400 | – |
| 542649 | Rail Vikas Nigam Ltd | 08 Apr 2021 | Interim Dividend – Rs. – 1.1400 | 09 Apr 2021 |
| 542649 | Rail Vikas Nigam Ltd | 30 Nov 2021 | Final Dividend – Rs. – 0.4400 | – |
| 542649 | Rail Vikas Nigam Ltd | 24 Mar 2022 | Interim Dividend – Rs. – 1.5800 | 25 Mar 2022 |
| 542649 | Rail Vikas Nigam Ltd | 22 Sep 2022 | Final Dividend – Rs. – 0.2500 | – |
| 542649 | Rail Vikas Nigam Ltd | 06 Apr 2023 | Interim Dividend – Rs. – 1.7700 | 06 Apr 2023 |
About RVNL
Rail Vikas Nigam Limited (RVNL) is a public sector enterprise that was incorporated in 2003 under the Ministry of Railways. The company’s primary focus is on the development and implementation of railway infrastructure projects in India. RVNL is responsible for the construction and renovation of railway stations, tracks, bridges, and tunnels, among other things.
RVNL has played a vital role in the development of the Indian railway network, which is one of the largest in the world. The company’s expertise in project management and execution has been critical in the successful implementation of several key railway projects in India, including the dedicated freight corridor project and the high-speed rail corridor project.
The dedicated freight corridor project is a flagship project of the Indian Railways, aimed at creating a world-class infrastructure to handle the growing freight traffic in the country. RVNL has been instrumental in executing this project, which involves the construction of over 3,300 km of dedicated freight corridors across the country.
RVNL has also been involved in the development of high-speed rail corridors in India. These corridors will connect major cities in the country and are aimed at providing faster, more efficient, and safer transportation for passengers.
Apart from these major projects, RVNL is also involved in several other railway infrastructure projects, including the electrification of railway tracks, construction of new railway lines, and renovation of existing railway stations.
RVNL’s financial performance has been consistently strong, reflecting its efficient operations and stable cash flows. The company’s commitment to rewarding its shareholders is evident from the regular dividend payouts it has made in the past.
In conclusion, Rail Vikas Nigam Limited is a significant player in the development of India’s railway infrastructure. The company’s expertise in project management and execution, coupled with its financial strength, make it an attractive investment opportunity for investors looking to gain exposure to the railway infrastructure sector in India. RVNL’s commitment to rewarding its shareholders reflects its strong performance and prospects for the future. With its continued focus on the development of the railway infrastructure in India, RVNL is well-positioned for growth in the years to come.