Navratna Central Public Sector Enterprise engaged in implementing various types of Rail infrastructure projects in focus upon receiving a work order worth RS. 106.37 Crores from the M. P. Paschim Kshetra Vidyut Vitran Company Limited
With a market capitalization of Rs. 47,184 Crores, the shares of Rail Vikas Nigam Limited were trading at Rs. 228.45, down 6.18 percent from its previous day’s close price of Rs. 243.50.
Rail Vikas Nigam Limited has received a Letter of Award worth Rs. 106.37 Crores from M. P. Paschim Kshetra Vidyut Vitran Company Limited for the Supply, Installation, Testing, and Commissioning of New 11 KV line for Bifurcation & Interconnection, Additional 11 KV Bay at 33 / 11 KV Sub-station, Augmentation of conductor of 33 KV & 11 KV Lines, Additional Distribution Transformer Substations with associate New 11 KV Lines,
It also includes LT Line on AB cable, Conversion of bare LT line with AB Cable, Augmentation of LT AB Cable, Cover conductor for 11 KV Line Crossing Agriculture & Non-Agriculture Feeder, 11 kv and 33 kv Bus Bar renovation, other associated work, and Supporting works in the Jhabua O&M Division.
Rail Vikas Nigam Limited is a central public sector enterprise with a Navratna status, it is engaged in the business of implementing various types of Rail infrastructure projects like doubling, gauge conversion, new lines, railway electrification, major bridges, etc.
Its revenue from operations grew 4.64 percent from Rs. 19,382 Crores in FY22 to Rs. 20,282 Crores in FY23, accompanied by increasing profits of Rs. 1,110 Crores to Rs. 1,421 Crores.
Written by: Bharath K.S
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