Vishnu Prakash R Punglia Ltd Secures ₹908.97 Million Railway Project

On June 17, 2024, Vishnu Prakash R Punglia Ltd announced in a stock exchange filing that it had received a Letter of Acceptance from the Office of DY CE-C-BKN-ENGINEERING, North Western Railway Bikaner.

The company stated that this prestigious project is Earthwork in filling and cutting in formation, trolley refuges, blanketing, retaining wall, pitching, construction of minor bridges and LHS (Limited Height Subways), Foot Over Bridge (FOB), platform, platform shelters, cable duct, and other ancillary works between Sadulpur to Churu in connection with the Churu-Sadulpur Doubling Project, marks a significant milestone for the company.

Following submitting a competitive tender, Vishnu Prakash R Punglia Limited has been selected as the contractor for this substantial endeavour. The tender, thoroughly evaluated and accepted by the competent authority, holds a total value of ₹908.97 million. This project underscores the company’s expertise and commitment to delivering high-quality infrastructure solutions.

The Churu-Sadulpur Doubling Project is crucial for enhancing the railway infrastructure, aiming to improve connectivity and efficiency in the region. Vishnu Prakash R Punglia Limited’s involvement in such a vital project highlights its dedication to contributing to the nation’s development. The company looks forward to executing this project with excellence and setting new benchmarks in the industry.

The company stated, “We look forward to collaborating closely with North Western Railway, Bikaner and stakeholders to ensure the successful completion of the Project.”

As of March 2024, the company’s order book stands at approximately ₹4,717 crore spread across all the business segments, such as railways, roadways and civil and water and sanitation programs. These orders are to be executed over the next 24-36 months. Vishnu Prakash R Punglia Ltd’s equipment fleet comprised about 500 construction equipment and vehicles.

In FY24, the company achieved a total income of ₹14,739 million, marking a 26.1% year-on-year increase, with a net profit of ₹1,222 million, reflecting a 34.9% year-on-year growth.

About Vishnu Prakash R Punglia Ltd

Vishnu Prakash R Punglia Ltd is one of the rapidly expanding infrastructure development firms in India. Established in 1986, the company specialises in the design and construction of infrastructure projects for the Central and State Governments, autonomous bodies, and private entities across ten states and one union territory in India.

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