Both orders include the supply, installation, testing and commissioning of new 11 KV Lines, LT line on AB cable, distribution transformer substation and supporting works in Chhatarpur circle of MPPKVVCL, Jabalpur Company Area. The order for (Package -16) is worth Rs 150 crore including GST and another order for (Package -17) is worth Rs 182 crore including GST will be completed in 24 months from LOI.
Earlier, the company received a letter of award received from the Haryana Rail Infrastructure Development Corporation (HRIDC) for Package No. C-4: Composite Contract Package in connection with New BG Railway Line of HORC project worth Rs 1,088.49 crore.
Rail Vikas Nigam Ltd, a Navratna company was established in 2003 by the Government of India for various rail infrastructure projects. The company has delivered good profit growth of 20.30 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 32.20 per cent.
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