Hot Pursuit     18-Jun-24
RVNL gains on emerging as L-1 bidder for railway project worth Rs 160 cr
Rail Vikas Nigam (RVNL) rallied 3.32% to Rs 402.95 after the company has emerged as lowest bidder (L-1) from East Coast Railway for installing automatic block signaling system in Odisha.
The project involves installing an automatic block signaling system with dual mobile train supervision system (MSDAC) and alterations to existing electrical interlocking (El), panel interlocking (Pl), and route relay interlocking (RRI) stations in the Jakhapura-Nergundi, Khurda Road-Bhusundpur, and Bhusundpur-Golanthra sections of the Khurda Road Division.

The said order is worth Rs 160.08 crore and it will be executed within 24 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.

The company reported 33.16% increase in consolidated net profit to Rs 478.40 crore in Q4 FY24 as compared with Rs 359.25 crore in Q4 FY23. Revenue from operations jumped 17.38% year on year (YoY) to Rs 6,714.01 crore in the fourth quarter of FY24.

Previous News
  Sensex gains 692 pts; Nifty closes above 22,800; VIX tumbles 11.04%
 ( Market Commentary - Quick Review 06-Jun-24   15:55 )
  RVNL emerges as L-1 bidder for 187 cr metro project
 ( Hot Pursuit - 27-May-24   08:25 )
  Rail Vikas Nigam successfully bids for project of East Coast Railway
 ( Corporate News - 14-Jun-24   18:06 )
  RVNL emerges as L-1 bidder for railway project worth Rs 160 cr
 ( Hot Pursuit - 15-Jun-24   15:01 )
  Rail Vikas Nigam bags Rs 495.14 cr NPTC project
 ( Corporate News - 06-Jun-24   17:20 )
  Rail Vikas Nigam to conduct board meeting
 ( Corporate News - 30-Oct-23   16:55 )
  RVNL rallies on emerging as L-1 bidder for Rs 148-cr railway project
 ( Hot Pursuit - 01-Apr-24   10:38 )
  RVNL edges higher after bagging work order worth Rs 339 crore from Maharashtra Metro
 ( Hot Pursuit - 18-Mar-24   09:33 )
  RVNL successfully bids for Rs 251 cr project
 ( Corporate News - 15-Jan-24   19:34 )
  Board of Rail Vikas Nigam appoints director
 ( Corporate News - 12-Dec-23   18:41 )
  RVNL gains on Rs 495-cr order win
 ( Hot Pursuit - 07-Jun-24   10:38 )
Other Stories
  JSW Energy arm secures LoA from SJVN
  29-Jun-24   16:45
  GE Power bags purchase orders from NTPC, MAHAGENCO
  29-Jun-24   16:05
  Cochin Shipyard arm inks contract with Norwegian company
  29-Jun-24   15:01
  Titan signs JV agreement with Rhythm Jewelry
  29-Jun-24   13:30
  BEL bags order worth Rs 3,172 crore from Armoured Vehicles Nigam
  29-Jun-24   12:44
  Orchid Pharma partners with Cipla for pan-India distribution of Cefepime-Enmetazobactam
  29-Jun-24   10:08
  Rajoo Engineers board OKs 1:1 bonus issue
  29-Jun-24   09:27
  Aditya Vision board to mull stock split proposal
  29-Jun-24   08:51
  Giriraj Civil Developers rallies on securing order worth Rs 181 crore
  28-Jun-24   16:57
  Oil India rises on appointing Rupam Barua as CFO
  28-Jun-24   15:25
Back Top