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Rail Vikas Nigam Limited emerged as the lowest bidder for two projects, one from the Central Railways and one from the East Coast Railway.
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The project includes constructing stations at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, and Kaggadasapura.
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Rail Vikas Nigam Ltd (RVNL), under the Ministry of Railways, is involved in the project development, financing and implementation of projects related to rail infrastructure.
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“The project pertains to development of distribution infrastructure in the south zone of Himachal Pradesh under the ‘Revamped Reforms based and Results-linked, Distribution Sector Scheme.’ It is expected to be completed in 24 months," the state-owned company said.
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Khemka highlights the significant capital expenditure expected in the railway sector over the next decade, suggesting that select companies stand to benefit greatly. However, he cautions investors against making blanket assumptions, stressing the importance of choosing companies with the resilience to navigate increasing competition.
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Siemens said its share as part of the consortium is Rs 228 crore and RVNL’s share is Rs 149 crore.
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The government’s thrust on improving infrastructure for rail transportation by adding new lines, doubling existing lines, electrification, and so on are seen providing a constant flow of business for the company.
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The Sensex closed 35.68 points or 0.06 percent lower at 61,904.52, while the Nifty50 ended down 18.10 points or 0.10 percent at 18,297.00. About 1,987 shares advanced, 1,399 declined and 140 remained unchanged
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The Research Designs and Standards Organisation (RDSO), which works under the ambit of the Railway board, has approved field performance of 60 kg 880 Grade (90 UTS) rails made by JSPL at its Raigarh plant.
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Among the new entrants, Rail Vikas Nigam Limited, which got listed on April 11, has seen the biggest rally in its scrip, which jumped 21.31 per cent from its initial public offer (IPO) price on the NSE.
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Rail Vikas Nigam (RVNL) will conduct a feasibility study to provide rail connectivity to Amaravathi, the new capital of Andhra Pradesh
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L&T Construction has won new orders valued over Rs 1063 crores across various business segments in October 2012.
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L&T Construction has bagged new orders valued over Rs 2056 crore across various business segments during December 2011.
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Director of Kalindee Rail Nirman, Arvind Gemini, says that he hopes to bag orders worth Rs 300-500 crore of orders from Rail Vikas Nigam Limited (RVNL) by March-June next year.
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AP Verma, director of finance, Kalindee Rail Nirman in an intervew to CNBC-TV18 said the company's current order book stands at about Rs 600 crore. The company has submitted lot of bids for projects which offer good value and is awaiting results.
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Railway stocks have been up and about since the Railways announced that is has made 12% higher revenues in Q1 of FY12. Arvind Gemini, director of Kalindee Rail Nirman Ltd says that he has seen Rs 1,200 crore of tenders floated for which the decision process has already started last month.
