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The project includes major upgradation or redevelopment of Varkala Sivagiri railway station in Kerala. The order received from southern railway.
The cost of the project is Rs 123,36,58,386.82 and it is to be executed in 30 months. According to the deal, RVNL will hold 51% of the share while MPCC share will be 49% in the project.
Rail Vikas Nigam (RVNL) undertake and execute successfully the project development, financing and implementation of projects related to rail infrastructure.
The company’s consolidated net profit rose 3.5% YoY to Rs 394.42 crore in Q2 FY24. Net sales grew marginally to Rs 4,914.32 crore in Q2 FY24 as against Rs 4,908.90 crore in Q2 FY23.
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