Rs 4470000000: This Indian company hits JACKPOT, gets big contract from Delhi metro for…, company is…

RVNL Share Price: In a major development, Rail Vikas Nigam Limited has signed a significant deal with the Delhi Metro Rail Corporation. As per the Rs 447 crore contract, RVNL will complete the work of designing a 7.29 km long bridge and constructing 7 metro stations within 36 months. This is the third big contract for the state-owned company in 10 days. Earlier, RVNL had received contracts worth Rs 800 crore during the same period. The company secured this contract under Delhi MRTS Phase-4, whose total value is Rs 447.42 crore.

Notably, after South Railway and South Central Railway, RVNL has received a major contract from the Delhi Metro Rail Corporation (DMRC).

What Is The Deal Made Between RVNL And DMRC?

According to the Letter of Acceptance (LoA), RVNL has to complete the designing and construction work of 7.29 km long bridge for DMRC in 36 months. The contract also includes the construction of seven stations, namely – Pushp Vihar, Pushp Bhawan, Saket District Court, Chirag Delhi, GK-1, Andrews Ganj and Lajpat Nagar Metro. With back-to-back major contracts, the RVNL shares are expected to rise further in the coming days.

Which Contracts Did RVNL Receive In 10 Days?

On July 5, RVNL received its first big contract of Rs 143 crore from South Railway. After that South Central Railway awarded the state-owned company with Rs 213 crore contract on July 11. The third major contract was signed with DMRC, worth Rs 447 crore. The total value of these three contracts is over Rs 803 crore.

 

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