RVNL eyes new projects in Middle East
Rail Vikas Nigam Ltd’s order books swells to Rs65k cr; It roughly constitutes 50% from the nomination and 50% from the market, RVNL aims for Rs70k-cr level in near future
The company recently participated in a Public-Private Partnership (PPP) model project in Botswana, where it has been shortlisted
New Delhi: Public-Sector Undertaking Rail Vikas Nigam Ltd’s order book has touched Rs65,000 crore, 50 per cent of which are railway projects, the company said. RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call.
“We have got an order book of around Rs65,000 crore, which roughly constitutes 50 per cent from the nomination, that is the typical railway projects, and 50 per cent from the market. In time to come, we should maintain an order book of around Rs75,000 crore,” top management officials said in reply to a question. Of the total order book, the share of the Vande Bharat trains was around Rs9,000 crore, and Rs7,000 crore was for several metro projects.
The company has also bagged projects in the electrification and transmission lines among others. RVNL is also diversifying to other segments and eyeing many projects in the foreign countries, they said. On growth plans in offshore markets, the management said the company recently participated in a Public-Private Partnership (PPP) model project in Botswana, where its has been shortlisted.
