The contract will include redevelopment of the
Thiruvananthapuram Central Railway Station on an engineering, procurement and
construction (EPC) mode, the company informed the stock exchanges. The order is
to be executed in 42 months, the exchange filing added.
RVNL
holds 49% in the JV, while KRDCL holds 51%
Earlier this month, RVNL signed an MoU with Turkish
Engineering Consulting and Contracting-TUMAS India Pvt Ltd to partner and
collaborate in public transportation projects and infrastructure projects in
India. And last month, the company
emerged as the lowest bidder for three orders worth millions in a single day.
RVNL’s net profit declined 6.2% year-on-year (YoY) to
₹358.6 crore in the October-December quarter. In the corresponding quarter
in the previous year, RVNL posted a net profit of ₹382.4 crore. RVNL’s revenue
from operations dipped 6.4% to ₹4,689.3 crore as against ₹275.6 crore in the
corresponding period of the preceding fiscal.
RVNL shares were trading 2.65% higher at ₹284.7 apiece
at 1.45 pm on Wednesday, April 24. The stock
has gained 224.1% in the past year.