Rail Vikas Nigam announced that CARE has assigned the rating CARE AAA; Stable / CARE A1+ to the company`s long term / short term bank facilities aggregating Rs 3500 crore. Powered by Capital Market - Live News

Rail Vikas Nigam has received LOA from Central Railways for �Construction of 4 Nos. Tunnels (total Length 1.6km) with ballast less track, Earthwork in formation, Construction of Important Bridges (2nos), Major Bridges (1no), Minor Bridges (25nos), Supply of Stone ballast, Track linking, side drain retaining wall etc. from Km 831.8 to Km 841.9 in Dharakoh Maramjhiri section in connection with third line.The value of the contract is Rs 311.17 crore. Powered by Capital Market - Live News

Net profit of Rail Vikas Nigam rose 3.46% to Rs 394.42 crore in the quarter ended September 2023 as against Rs 381.22 crore during the previous quarter ended September 2022. Sales rose 0.11% to Rs 4914.32 crore in the quarter ended September 2023 as against Rs 4908.90 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales4914.324908.90 0 OPM %6.076.44 - PBDT485.83485.80 0 PBT479.61480.98 0 NP394.42381.22 3 Powered by Capital Market - Live News

Rail Vikas Nigam announced that RVNL-MPCC (JV) has received LOA for �All civil engineering works (Earthwork, Blanketing, Retaining Wall /Boundary Wall/ Side Drain, Major Bridges, Minor Bridges and LHS/RUB, LCs, Construction of Station Buildings, Platform, Subways cover over Platforms, Staff Quarters, Passenger Amenities, Circulating Area, approach roads, Offices, Service Buildings, watering, Sanitation, protection works etc. and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between Nadiad- Petlad (37.26 kms) of Vadodara Division on Western Railway�. The contract value is Rs 245.71 crore. Powered by Capital Market - Live News

Rail Vikas Nigam has emerged as the Lowest Bidder (L1) for Central Railways project entailing construction of 4 Nos. Tunnels (total Length 1.6km) with ballast less track, Earthwork in formation, Construction of Important Bridges (2nos), Major Bridges (1no), Minor Bridges (25nos), Supply of Stone ballast, Track linking, side drain retaining wall etc. from Km 831.8 to Km 841.9 in Dharakoh Maramjhiri section in connection with third line. The total project cost is Rs 311.17 crore. Powered by Capital Market - Live News