Rail Vikas Nigam said that it has secured a contract from the Madhya Pradesh Metro Rail Corporation worth Rs 381.95 crore.
The contract is for design and construction of seven elevated metro rail stations including viaduct portion within the stations and transition spans on either side of the stations, entry- exit structures, architectural finishes, electrical and mechanical (E&M) works etc. of Indore Metro Rail Project.
Rail Vikas Nigam is an organization associated with Indian Railways involved in building rail infrastructure required by the railways. As of 30 June 2021, the Government held 78.2% stake in the company.
On a consolidated basis, the company posted a 64% jump in net profit to Rs 232 crore on a 32.9% rise in net sales to Rs 3,869 crore in Q1 FY22 over Q1 FY21.
The scrip rose 0.84% to currently trade at Rs 30.10 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app