The project entails all civil engineering works (earthwork, blanketing, retaining wall / boundary wall/ side drain, major bridges, minor bridges and LHS/RUB, LCs), construction of station buildings, platform, subways cover over platforms, staff quarters, passenger amenities, circulating area, approach roads, offices, service buildings, watering, sanitation, protection works etc. and supply of 50 mm machine crushed stone ballast, complete track works including linking of track works in connection with gauge conversion work between Nadiad - Petlad of Vadodara Division on Western Railway.

The said contract has to be executed within a period of 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 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 has gained 0.96% to currently trade at Rs 168.25 on the BSE.