Rail Vikas Nigam Limited (RVNL) Secures Major Railway Contracts Worth Over ₹1,462 Crore
Contents
- 1 RVNL share price
- 1.1 Rail Vikas Nigam Limited (RVNL) Secures Major Railway Contracts Worth Over ₹1,462 Crore
- 1.1.1 Key Project Details for the ₹837.67 Crore Eastern Railway Contract
- 1.1.2 Additional EPC Contract Win from South Central Railway
- 1.1.3 Strong Market Performance
- 1.1.4 Conclusion:
- 1.1.5 FAQs:
- 1.1.5.1 1.What recent contracts did RVNL secure?
- 1.1.5.2 2.What does the Eastern Railway contract entail?
- 1.1.5.3 3.Who is RVNL’s partner in the Eastern Railway project JV?
- 1.1.5.4 4.What is the scope of the South Central Railway EPC contract?
- 1.1.5.5 5.What are the timelines for completing these projects?
- 1.1.5.6 6.How much has RVNL’s stock gained this year?
- 1.1.5.7 7.How is RVNL’s market performance post-announcement?
- 1.1.5.8 8.What is the market significance of these new projects?
- 1.1.5.9 9.How do these contracts impact RVNL’s market position?
- 1.1.5.10 10.What is the importance of RVNL’s work in the Eastern Railway contract?
- 1.2 RVNL share price
- 1.3 Royal Enfield Bear 650 Launched in India: Features, Specs, and Price
- 1.1 Rail Vikas Nigam Limited (RVNL) Secures Major Railway Contracts Worth Over ₹1,462 Crore
Rail Vikas Nigam Limited (RVNL) Secures Major Railway Contracts Worth Over ₹1,462 Crore
Rail Vikas Nigam Limited (RVNL), a prominent player in railway infrastructure development, has announced two significant contract wins, solidifying its position in India’s railway expansion. On Tuesday, November 5, RVNL disclosed that its joint venture (JV) with SCPL emerged as the lowest bidder for an Eastern Railway project valued at ₹837.67 crore.
Key Project Details for the ₹837.67 Crore Eastern Railway Contract
The awarded contract involves comprehensive construction work, including earthwork in cutting and filling, blanketing, and the building of minor and major bridges. Other vital aspects of the project include constructing a Road Under Bridge (RUB), a Road Over Bridge (ROB), retaining walls, level crossings, side drains, and catch water drains. These activities will take place along the Kalipahari-Pradhankhuta section as part of a multi-tracking railway Broad Gauge (BG) line development.
The JV agreement designates RVNL as the lead partner with a 74% stake, while SCPL holds the remaining 26% stake. The project is expected to be completed within a 36-month timeline, marking a significant milestone in India’s infrastructure development.
Additional EPC Contract Win from South Central Railway
In another milestone, RVNL, on Monday, November 4, announced securing a substantial ₹625.08 crore contract from South Central Railway. This Engineering, Procurement, and Construction (EPC) contract covers the doubling of the track between Parbhani and Parli stations in Maharashtra. The contract includes electrification, signaling, and other critical infrastructure enhancements aimed at improving efficiency and connectivity.
This second contract is to be executed over 30 months, further boosting RVNL’s portfolio of high-value railway projects across the country.
Strong Market Performance
Following the announcement, RVNL shares demonstrated resilience in the stock market, trading 1.59% higher at ₹453.3 on Tuesday, November 5. Notably, RVNL’s stock has shown exceptional growth this year, achieving a remarkable 148.76% gain year-to-date.
Conclusion:
With these new projects, RVNL is reinforcing its role in advancing India’s rail infrastructure. By executing large-scale, multi-faceted contracts that enhance connectivity and operational efficiency, RVNL is on track to further strengthen its market presence. These recent project wins not only support the company’s expansion goals but also represent a key contribution to India’s infrastructure development mission.
FAQs:
1.What recent contracts did RVNL secure?
A. RVNL secured two major contracts: a ₹837.67 crore project with Eastern Railway and a ₹625.08 crore project with South Central Railway.
2.What does the Eastern Railway contract entail?
A. The Eastern Railway project involves earthwork, bridge construction, level crossings, and drainage work along the Kalipahari-Pradhankhuta section.
3.Who is RVNL’s partner in the Eastern Railway project JV?
A. RVNL is partnering with SCPL in a JV, where RVNL holds a 74% stake, and SCPL holds 26%.
4.What is the scope of the South Central Railway EPC contract?
A. This contract involves doubling the track between Parbhani and Parli stations, with added electrification and signaling enhancements.
5.What are the timelines for completing these projects?
A. The Eastern Railway project is scheduled for 36 months, while the South Central Railway project is set to be completed in 30 months.
6.How much has RVNL’s stock gained this year?
A. RVNL shares have gained 148.76% year-to-date, reflecting strong market performance.
7.How is RVNL’s market performance post-announcement?
A. RVNL’s share price rose 1.59% to ₹453.3 on November 5 following the announcement of these new contracts.
8.What is the market significance of these new projects?
A. These projects highlight RVNL’s pivotal role in rail infrastructure development, signaling growth potential in this sector.
9.How do these contracts impact RVNL’s market position?
A. Securing these high-value contracts reinforces RVNL’s position as a leading infrastructure developer within India’s railway sector.
10.What is the importance of RVNL’s work in the Eastern Railway contract?
A. The project will facilitate improved rail connectivity and operational efficiency, vital for economic and infrastructural growth in the region.
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