Rail Vikas Nigam Limited (RVNL) has been awarded a contract for an International project in Maldives named as Development of UTF (Uthuru Thila Falhu- Island) Harbour. This is a strategic project of Govt. of India.
More details:
Details of the contracts awarded are as under:
- Rail Vikas Nigam Limited (RVNL) has been declared a successful bidder in an International project in Maldives named as Development of UTF (Uthuru Thila Falhu- Island) Harbour.
- This is a strategic project of Govt. of India. The estimated project cost is Rs 1544.6 Cr (approx.).
About RVNL:
- The company began its operation in 2005 with the appointment of a Board of Directors.
- The company was granted Miniratna status in September 2013.
- RVNL has been rated “Excellent” for the 9 successive years by the Department of Public Enterprises.
- RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years.
- The turnover of the company for the financial year 2019-20 has increased by 44.44%.
- The authorised share capital of the company is Rs. 3000 cr. with paid up share capital of Rs. 2085 cr.
- The company has been listed after its disinvestment of its stake of 12.16% of the company through IPO.
Source: RVNL- Press Release | Image Credit: RVNL
