Hot Pursuit     31-Aug-23
RVNL rises on emerging as L-1 bidder for Rs 256-cr project
Rail Vikas Nigam (RVNL) added 1.67% to Rs 130.70 after the company emerged as the lowest bidder for projects of Maharashtra Metro Rail Corporation worth Rs 256.19 crore.
The project includes six elevated metro station viz. Pili Nadi to Lekha Nagar in reach-2A, one elevated and one at-grade station viz. ecopark and metro city in reach-IA respectively.

It also includes at-grade section formation earthwork, boundary wall and retaining wall, elevated metro track supporting structure for eco park metro station and multi-storied building at Tulsi School Land (at Sitabuldi) of NMRP Phase-2.

The cost of the above projects stood at Rs 256,19,87,814.

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 company reported 15.19% rise in consolidated net profit to Rs 342.90 crore on 20.15% increase in revenue from operations to Rs 5,571.57 crore in Q1 FY24 over Q1 FY23.

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