Hot Pursuit

RVNL emerges as L1 bidder for Rs 311 cr project
(15:07, 26 Sep 2023)
The project includes construction of 4 Nos. tunnels (total Length 1.6km) with ballast less track, earthwork in formation, construction of important bridges (2nos), major bridges (1no), minor bridges (25nos), supply of stone ballast, track linking, side drain retaining wall etc. from Km 831.8 to Km 841.9 in Dharakoh Maramjhiri section in connection with third line.

The cost of the project is Rs 311.17 crore and it will be executed within 18 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.

Rail Vikas Nigam (RVNL) reported 15.19% rise in consolidated net profit to Rs 342.90 crore in Q1 FY24 as against Rs 297.67 crore posted in Q1 FY23. Revenue from operations jumped 20.1% year on year to Rs 5,571.57 crore in the quarter ended 30 June 2023.

The scrip declined 1.62% to Rs 167.05 on the BSE.

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