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Indore, India (Metro Rail Today): Rail Vikas Nigam Limited (RVNL) announces that it has secured a contract from the Madhya Pradesh Metro Rail Corporation (MPMRC) worth Rs 381.95 crore on Tuesday.
The contract is for designing and construction of seven elevated metro rail stations including viaduct portion within the stations and transition spans on either side of the stations, entry- exit structures, architectural finishes, electrical and mechanical (E&M) works etc of Indore Metro Rail Project.
Rail Vikas Nigam is an organization associated with Indian Railways involved in building rail infrastructure required by the railways. As of 30 June 2021, the Government held 78.2% stake in the company. On a combine basis, the company posted a 64% jump in the net profit to Rs 232 crore on a 32.9% rise in net sales to Rs 3,869 crore in Q1 FY22 over Q1 FY21. The scrip rose 0.84% to currently trade at Rs 30.10 on the BSE.
MPMRC issued contract order worth Rs 1,034 crore to RVNL few days ago. The contract is for the construction of 10.927 km stretch between MR10 Road and Gandhi Nagar under package IN03.There will be nine metro stations under this contract. The RNVL will have to complete the work in 847 days.
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