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Rail Vikas Nigam’s JV receives LoA worth Rs 123.36 crore

02 Jan 2024 Evaluate

Rail Vikas Nigam’s (RVNL) joint venture (JV) -- KRDCL-RVNL has received Letter of Acceptance (LoA) worth Rs 123.36 crore from Southern Railway (CAO-CN-ERS-Engineering) for Major upgradation/redevelopment of Varkala Sivagiri Railway Station. RVNL share amount is Rs 60.44 crore.

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.

Peers
Company Name CMP
Larsen & Toubro 3632.00
Kalpataru Projects 1368.90
NCC 125.55
Rail Vikas Nigam 199.75
KEC International 352.15
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