RVNL bags Rs 543 crore order from Madhya Pradesh Metro Rail

The stock performance of the company has also been exceptional, gaining a massive 264 percent on the exchanges

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Railways construction major Rail Vikas Nigam Limited (RVNL) on March 9 announced that it received an order from Madhya Pradesh Metro Rail Corporation to design and construct an elevated viaduct, 5 elevated metro stations, and a ramp between chainages.

Per the company's exchange filing, the order is expected to be executed in about 3 years, and the cost of the total order is worth Rs 543.

Also read: RVNL zooms 12% on Rs 65,000-crore order book, offshore growth plans

This is the second order in quick succession for the company. RVNL received a Letter of Award (LoA) from the Himachal Pradesh State Electricity Board (HPSEBL) to develop distribution infrastructure in the south zone of Himachal Pradesh. The project's total cost amounts to Rs 888.56 crore and it is slated to be completed within 24 months.

Recently, in its investor call, the company said it has an order book of around Rs 65,000 crore, which roughly constitutes 50 percent from the nomination, typical railway projects and 50 percent from the market.

From the overall order book, Vande Bharat trains accounted for approximately Rs 9,000 crore, while several Metro projects contributed Rs 7,000 crore. Not just that, RVNL has secured projects in electrification, transmission lines, and other areas. The company is also actively diversifying into various segments and exploring opportunities for projects in foreign countries.

RVNL has already inked an agreement for four projects in Kyrgyzstan. Furthermore, the company has submitted the detailed project report (DPR) for the Balekechi and Kara catch line.

RVNL, under the Ministry of Railways, ​is involved in the project development, financing and implementation of projects related to rail infrastructure. The company's stock performance has also been exceptional, gaining a massive 264 percent on the exchanges.

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