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Bloomberg Quint

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Image Credit: Bloomberg Quint

RVNL Wins Order Worth Rs 447 Crore From Delhi Metro

  • RVNL has won an order worth Rs 447 crore from Delhi Metro for part-design and construction of viaduct across seven stations.
  • The project is part of the Delhi MRTS Phase-IV Project and is to be completed in 36 months.
  • RVNL expects a 20% growth in order inflows for the fiscal year and aims to generate a revenue of Rs 20,000-22,000 crore.
  • The company's stock settled higher post the announcement, and analysts suggest varied recommendations with a consensus price target implying a potential downside.

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