RVNL receives order of Rs 495 Cr. from NTPC. Shares rise 3% . Co. has multiple orders to fulfill!
On 7 June, 2024 , Rail Vikas Nigam Ltd. (RVNL) received order worth Rs. 495 Cr. from National Thermal Power Corporation (NTPC) .
The contract is received to execute the remaining “Civil & HM works of Barrage Complex including part HRT package of Rammam HydroElectric Project Stage-III (3×40 MW).” in West Bengal.
The order will be executed in 66 months, it said in a regulatory filing.
The shares of the company rose by 3% after the receipt of the order.
RVNL :
RVNL is a government-owned entity that collaborates closely with the Ministry of Railways to implement crucial railway projects. It plays a vital role in accelerating railway infrastructure development in India.
RVNL is responsible for implementing various infrastructure projects for Indian railways. These projects include the installation of railway tracks, electrification lines, building railway bridges, and establishing workshops or production units. Additionally, RVNL has undertaken multiple metro and high-speed railway projects for various cities and regions.
Multiple Orders :
On June 6, the company got orders worth Rs 515 crore from Dakshin Haryana Bijli Vitran Nigam Limited and Eastern Railway for building the Sitarampur bypass line under the Asansol division.
Last week, the company received a Letter of Acceptance worth Rs 440 crore from South Central Railway for an engineering, procurement, and construction (EPC) project. This project involves doubling the track between Ankai station and Karanjgaon stations, including electrification and signaling, as part of the Aurangabad-Ankai Doubling project in the Nanded division of South Central Railway.
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