Rail Vikas Nigam Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Mid Cap

Rail Vikas Nigam emerges as the Lowest Bidder (L1) from Southern Railway for “Provision of Automatic Block Signaling system in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway. The project cost is Rs 239.09 crore.

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Rail Vikas Nigam announced that its joint venture - KRDCL- RVNL has emerged as the Lowest Bidder (L1) from Southern Railway for “Redevelopment of Thiruvananthapuram Central Railway Station on Engineering, Procurement and Construction (EPC) mode. The project cost is Rs 438.95 crore.

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The joint venture (JV) comprised of Kerala Rail Development Corporation (KRDCL) (holding a 51% stake) and RVNL (with a 49% stake) was selected by Southern Railway for the project which will be undertaken using the engineering, procurement, and construction (EPC) mode. The estimated cost of the project is Rs 438.95 crore. The redevelopment is expected to be completed within a timeframe of 42 months.

Rail Vikas Nigam 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.

The civil construction company reported 6.24% decline in consolidated net profit to Rs 358.57 crore on 6.44% fall in revenue from operations to Rs 4,689.33 crore in Q3 FY24 over Q3 FY23.

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Rail Vikas Nigam has received Letter of Acceptance (LOA) from NFR-CONST HQ-ELECTRICAL/N.F.RLY CONSTRUCTION for “Engineering, Procurement, Construction of Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification OHE and TSS Works of Araria - Thakurganj New line Section in connection with New Line Project of Araria - Galgalia of N.F. Railway, including associated Works and Supply, erection, modification, testing and commissioning of SCADA for the section. (106.958 RKM/ 119.27 TKM). (in EPC mode).The cost of the project is Rs 95.95 crore.

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