|
The PSU company signed a memorandum of understanding with Coal India's subsidiary, Mahanadi Coalfields for entrusting project management consultancy for rail infrastructure works of MCL to RVNL from concept to commissioning.
Mahanadi Coalfields is one of the major coal producing company of India. It is one of the eight subsidiaries of Coal India.
Rail Vikas Nigam (RVNL) is an organization associated with Indian Railways involved in building rail infrastructure required by the railways. As of 31 December 2021, the Government held 78.2% stake in the company.
The company's consolidated net profit rose 4.3% to Rs 293.01 crore on a 35.3% jump in net sales to Rs 5,049.24 crore in Q3 FY22 over Q3 FY21.
|