The contract involves supply, installation, testing & commissioning of integrated tunnel communication system in the Sukhovi-Pherima new single line section of Lumding Railway Division, which is one of the five railway divisions under Northeast Frontier Railway zone of Indian Railways.

The project has to be executed within a period of 365 days.

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 had 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 rose 0.97% to currently trade at Rs 166.75 on the BSE.