Shares of Rail Vikas Nigam Ltd (RVNL) are buying and selling flat after touching a day’s excessive of Rs 365 on twenty third September, though the corporate emerged because the lowest bidder (L1) for a key Southern Railway challenge on Monday, twenty second September. The challenge, valued at Rs 145.35 crore, is aimed toward supporting the Mission 3000MT loading goal.
The brand new contract consists of design, provide, erection, testing, and commissioning of traction substations (Scott-connected) with energy high quality gear, switching posts, SCADA integration, and an automated fault locator for the Jolarpettai–Salem part of the Salem division. It will likely be accomplished in 540 days.
Earlier, on tenth September, RVNL was the bottom bidder for a Rs 169.49 crore West Central Railway challenge. This entails related design, provide, and commissioning work for a 220/132kV/2×25 kV Scott-connected traction substation with switching posts and SCADA integration between the BINA and RTA sections of the Bhopal division. It additionally targets a 3,000 MT loading capability and might be executed in 540 days, with no associated celebration involvement.
For Q1, RVNL’s income fell 4.1% to Rs 3,908 crore. EBITDA dropped 71% to Rs 52 crore, with margins all the way down to 1.4% from 4.5%. Internet revenue declined 40% to Rs 134 crore from Rs 224 crore a yr earlier.
At 1:03 PM, the shares of RVNL have been buying and selling 0.17% larger at Rs 359.50 on NSE.
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