RVNL jumps 3.32% after MPMRCL awards Rs 1.035 cr for Indore Metro

22 Sep 2021 CW Team

Rail Vikas Nigam Limited (RVNL) rose 3.32% to Rs 31.10 after Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) awarded the Public Sector Undertaking company a Rs 1,035 crore order for the Indore Metro Rail project.

The order covers the design and construction of an elevated viaduct connecting a depot to an interface location, as well as the civil, structural, roof structure, mechanical, electrical, and plumbing (MEP) works, architectural finishes, fade, and entry/exit points within the stations.

Rail Vikas Nigam under the Indian Railways, is responsible for the construction of rail infrastructure required by the railways. The government owned 78.2% of the company as of June 30.

On a consolidated basis, the company reported a 64% increase in net profit to Rs 232 crore in Q1 FY22 over Q1 FY21, owing to a 32.9% increase in net sales to Rs 3,869 crore.

Image Source

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..

Infrastructure Transport

07 Jul 2026

Air India and SIAEC to Explore MRO Joint Venture in India

Air India and SIA Engineering Company (SIAEC) have signed a memorandum of understanding (MoU) to explore the formation of a maintenance, repair and overhaul joint venture in India. The MoU, signed on Friday, will examine collaboration to develop India as a global aviation MRO hub and to serve growing needs across the Indian and regional markets. SIA Engineering Company, part of the Singapore Airlines Group which holds a 25.1 per cent stake in Air India, will bring technical expertise alongside Air India's established airline operations network. The partnership builds on existing cooperation be..

Infrastructure Transport

07 Jul 2026

Assam and Centre Review Aviation Projects Push Silchar Airport Approval

Assam and the Centre on Thursday, July two reviewed a series of aviation infrastructure projects aimed at strengthening air connectivity across the state, with the proposed greenfield airport at Silchar emerging as a key priority. The review formed part of broader efforts to position Assam as a major aviation and logistics hub for the north east. Officials outlined timelines and preparatory work that they said would guide the next stages of project approvals. The Chief Minister met the Union Civil Aviation Minister at Rajiv Gandhi Bhavan in New Delhi and described the meeting as very productiv..