Hot Pursuit     04-Sep-23
RVNL hits record high on bagging Rs 282-cr LoA from MGVCL
Rail Vikas Nigam (RVNL) jumped 10.71% to Rs 153.05 after the company received letter of acceptance (LoA) from Madhya Gujarat Vij Company (MGVCL) for full turnkey contract worth Rs 282.11 crore.
The order entails design, supply and installation for development of distribution infrastructure work for loss reduction at Dahod district under Revamped Reforms-Based and Results-linked Distribution Sector Scheme.

The cost of the above projet is Rs 282,11,91,634 and it is to be executed in 31 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 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.

The counter hit an all time high at Rs 158 in intraday today.

Previous News
  RVNL bags LoA worth Rs 47 cr from Central Railway
 ( Hot Pursuit - 08-Apr-24   14:30 )
  RVNL emerges as L-1 bidder for 187 cr metro project
 ( Hot Pursuit - 27-May-24   08:25 )
  RVNL gains as JV bags LoA worth Rs 156 cr
 ( Hot Pursuit - 27-Jun-24   12:00 )
  Rail Vikas Nigam
 ( Results - Analysis 09-Feb-24   18:56 )
  RVNL JV emerges as L1 bidder for Rs 245 crore contract of Western Railway
 ( Hot Pursuit - 13-Sep-23   13:41 )
  Rail Vikas Nigam receives LoA from Rajasthan Rajya Vidyut Prasaran Nigam
 ( Corporate News - 12-Mar-24   13:48 )
  Rail Vikas Nigam successfully bids for project of East Coast Railway
 ( Corporate News - 14-Jun-24   18:06 )
  Rail Vikas Nigam wins project of Rs 167 cr from South Eastern Railway
 ( Corporate News - 21-Mar-24   11:32 )
  Rail Vikas Nigam
 ( Analyst Meet / AGM - Conference Call 17-Nov-23   23:42 )
  RVNL-SALASAR JV wins project from Madhya Pradesh Power Transmission Company
 ( Corporate News - 22-Feb-24   15:12 )
  RVNL emerges as L1 bidder for Rs 395 cr project
 ( Hot Pursuit - 24-Jun-23   12:07 )
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