K&R Rail Engineering, a BSE SmallCap company, has secured an order from government-owned Indian Port Rail and Ropeway Corporation Limited (IPRCL).
IPRCL is a first of its kind joint venture between 11 major ports under the Ministry of Ports, Shipping and Waterways, holding 90 per cent of equity capital, and Rail Vikas Nigam Limited (RVNL) under Ministry of Railways, holding 10 per cent of equity capital.
The JV was incorporated with the objective to provide efficient rail evacuation systems to major ports and for enhancing their capacity.
According to an exchange filing, K&R Rail has signed an MoU with Indian Port Rail and Ropeway Corporation for railway, roads, highways, ports and other projects. The volume of the projects ranges from Rs 50 to 5000 crore, it said.
BSE-listed K&R Rail Engineering is a leading railway construction company which builds high quality rail infrastructure. During third quarter (Q3 FY2025), K&R Rail Engineering’s net profit increased by more than 500 per cent to Rs 6.42 crore versus Rs 1.03 crore posted in Q3 FY2024. The company’s revenue from operations stood at Rs 145.52 crore in the third quarter of FY2025.
Its shares on Thursday (March 6) closed in the red at Rs 293.25. Nearly 40 lakh shares of the company changed hands during today’s trade.
As per BSE analytics, K&R Rail shares have corrected 54 per cent in the last one year. In two years, the counter has jumped nearly 8 per cent. The railway stock has yielded a multibagger return of 941 per cent in three years.