Team Blitz India
NEW DELHI: Rail Vikas Nigam Lid (RVNL) said it has received a Letter of Acceptance (LoA) from Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) worth Rs 543 crore.
This includes part design and construction of elevated viaduct, elevated metro rail stations namely Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony and Palasia Chauraha, in addition to making ramp for Indore Metro Rail Project.
RVNL has 51 per cent stake; the rest 49 per cent is with URC. RVNL shares are up 30 per cent in 2024 so far. The multibagger stock is up 272 per cent in the last one year.
Last week, RVNL said it received LoA from Himachal Pradesh State Electricity Board Ltd for the development of distribution infrastructure at South Zone of Himachal Pradesh under the revamped reforms based and results-linked, distribution sector scheme. That order was worth Rs 888.56 crore. It also won LoA for the North Zone distribution infrastructure worth Rs 409.65 crore.
