Rail Vikas Nigam Limited — Important, 16-12-2024: Updates

Rail Vikas Nigam Limited has received a Letter of Acceptance from Maharashtra Metro Rail Corporation Limited for the construction of 10 elevated metro stations as part of NMRP Phase-2. The project encompasses seven stations in Reach 3A, including Hingna Mount View and Rajiv Nagar, and three stations in Reach 4A, namely Pardi, Kapsi Khurd, and Transport Nagar. The project cost is approximately ₹270 crore, expected to be executed within 30 months. This significant contract further strengthens RVNL’s portfolio in the metro rail sector, indicating a positive outlook as it enhances the company's revenue potential and market position. Investors should watch closely for updates on project execution and potential future contracts.