RVNL jumps 3.32% after MPMRCL awards Rs 1.035 cr for Indore Metro
RAILWAYS & METRO RAIL

RVNL jumps 3.32% after MPMRCL awards Rs 1.035 cr for Indore Metro

Rail Vikas Nigam Limited (RVNL) rose 3.32% to Rs 31.10 after Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) awarded the Public Sector Undertaking company a Rs 1,035 crore order for the Indore Metro Rail project.

The order covers the design and construction of an elevated viaduct connecting a depot to an interface location, as well as the civil, structural, roof structure, mechanical, electrical, and plumbing (MEP) works, architectural finishes, fade, and entry/exit points within the stations.

Rail Vikas Nigam under the Indian Railways, is responsible for the construction of rail infrastructure required by the railways. The government owned 78.2% of the company as of June 30.

On a consolidated basis, the company reported a 64% increase in net profit to Rs 232 crore in Q1 FY22 over Q1 FY21, owing to a 32.9% increase in net sales to Rs 3,869 crore.

Image Source

Rail Vikas Nigam Limited (RVNL) rose 3.32% to Rs 31.10 after Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) awarded the Public Sector Undertaking company a Rs 1,035 crore order for the Indore Metro Rail project.The order covers the design and construction of an elevated viaduct connecting a depot to an interface location, as well as the civil, structural, roof structure, mechanical, electrical, and plumbing (MEP) works, architectural finishes, fade, and entry/exit points within the stations.Rail Vikas Nigam under the Indian Railways, is responsible for the construction of rail infrastructure required by the railways. The government owned 78.2% of the company as of June 30.On a consolidated basis, the company reported a 64% increase in net profit to Rs 232 crore in Q1 FY22 over Q1 FY21, owing to a 32.9% increase in net sales to Rs 3,869 crore.Image Source

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000