Navratna Central Public Sector Enterprise engaged in the business of implementing various types of Rail infrastructure projects jumped 10 percent in the day’s trade upon receiving a work order worth Rs. 106.37 Crores
With a market capitalization of Rs. 50,843 Crores, the shares of Rail Vikas Nigam Limited were trading at Rs. 244.05, up 6.20 percent from its previous day’s close price of Rs. 229.80.
Rail Vikas Nigam Limited has received a work order worth Rs. 106.37 Crores from Madhya Pradesh Paschim Kshetra Vidyut 1 Vitran Company Limited which has to be completed within 24 months.
The work order is for 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, 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 rennovation other associated work, and Supporting works such as DPs, TPs, Crossing elc. in Jh abua Division (LOT-12) under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme
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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