RVNL Secures Orders Worth Rs 419 Crore from Western Railways

20 Oct 2023 , 11:16 AM

Rail Vikas Nigam (RVNL) saw over a 2% increase in its stock price in early trading on October 20, following the company’s announcement of receiving orders worth Rs 419 crore from Western Railways.

The LOA (Letter of Acceptance) was granted to RVNL-MPCC (JV) for engineering works, including the supply of 50 mm machine crushed stone ballast and complete track works, for the gauge conversion work between Nadiad and Petlad in the Vadodara Division of Western Railway. The order is valued at Rs 245 crore and is expected to be completed in 24 months.

RVNL also secured a similar work order from Western Railways for the Petlad-Bhadran stretch (22.5 km) in the Vadodara division, with a value of Rs 174 crore, to be completed in 24 months.

These orders are the latest additions to RVNL’s growing list of projects secured this month, including a significant project for the Northeast Frontier Railway involving the installation of an integrated tunnel communication system.

Additionally, RVNL received a Letter of Acceptance (LOA) from the Maharashtra Metro Rail Corporation Limited (MMRCL) for the design and construction of a 6.92 km elevated metro viaduct, with a project cost of Rs 394.89 crore.

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