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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.
Shares of RVNL closed 5.53% higher at Rs 138.25 on Friday, 1 September 2023.
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