RVNL Gets Rs 133 crore Project From Central Railway in Maharashtra

RVNL announced a significant new contract win from Central Railway, marking another milestone in its extensive portfolio of railway infrastructure projects. The company received a Letter of Acceptance (LoA) for an overhead modification work project aimed at upgrading the existing 1 x 25 kV electric traction system.

Traction System Upgrade to Enhance Capacity

The project will convert the current system to a more efficient 2 x 25 kV AT feeding system in the Wardha-Ballarshah section of the Nagpur division of Central Railway. The upgrade is expected to significantly enhance the rail network’s capacity to meet the ambitious target of 3,000 MT loading. Scheduled to be completed within 24 months, the project is estimated to cost Rs 132.59 crore. This initiative is part of RVNL’s broader mandate to execute various railway infrastructure projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, and institutional buildings.

Strong Financial Performance and Strategic Vision 

In the fourth quarter of the fiscal year 2024, RVNL reported a remarkable 33.16% increase in consolidated net profit, amounting to Rs 478.40 crore. This impressive growth was driven by a 17.38% rise in revenue from operations, totaling Rs 6,714.01 crore, compared to the same period in the previous fiscal year. These financial results underscore RVNL’s strong market position and its ability to leverage new opportunities effectively.

Conclusion: The recent contract with Central Railway underscores RVNL’s continued commitment to advancing India’s railway infrastructure. By upgrading the traction system in the Wardha-Ballarshah section, RVNL is poised to enhance the efficiency and capacity of the railway network, supporting the country’s economic growth and development goals. As RVNL continues to secure and execute high-value projects, it remains a key player in shaping the future of India’s transportation infrastructure. The stock of RVNL currently trades at Rs.634.00 a piece up by 1.15% from its previous day’s closing price.

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