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The contract includes the design and construction of elevated viaduct, five elevated metro rail stations (Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and ramp between chainages for the Indore Metro Rail Project.
In this joint venture, RVNL holds 51% stake, while URC Construction owns 49%. The said project will be executed within 1,092 days.
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.
Rail Vikas Nigam (RVNL) reported 3.42% increase in consolidated net profit to Rs 394.26 crore in Q2 FY24 as compared with Rs 381.22 crore in Q2 FY23. Revenue from operations increased marginally to Rs 4,914.32 crore in Q2 FY24 from Rs 4,908.90 crore reported in Q2 FY23.
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