SSPL WEALTH PVT LTD

Friday 17 May, 2024 06:32 PM

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Saravan Stocks

Hot Pursuit

Scrips, which has significant changes during the market hours.

RVNL's JV bags contract worth Rs 438 crore from Southern Railway

30-Apr-24 10:51 Hrs IST

The contract involves 'redevelopment of Thiruvananthapuram Central Railway Station on engineering, procurement and construction (EPC) mode.?

The said project has to be executed within a period of 42 months.

The share of RVNL in the said joint venture is 49% and that of KRDCL is 51%.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

The civil construction company reported 6.24% decline in consolidated net profit to Rs 358.57 crore on 6.44% fall in revenue from operations to Rs 4,689.33 crore in Q3 FY24 over Q3 FY23.

The scrip shed 0.76% to currently trade at Rs 286.60 on the BSE.

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