Rail Vikas Nigam Ltd (RVNL), a public sector undertaking under the Ministry of Railways, has announced that its order book has reached a significant milestone, touching ₹65,000 crore. The company shared that 50 per cent of the order book comprises railway projects, and the remaining 50 per cent is from the market. The top management officials made this announcement during an investors call, while also expressing their aim to maintain an order book of around ₹75,000 crore in the future.
RVNL’s order book includes a substantial share for the Vande Bharat trains, totaling around ₹9,000 crore, as well as ₹7,000 crore for various metro projects. Additionally, the company has secured projects in electrification, transmission lines, and other segments. Moreover, RVNL is actively seeking new projects in offshore markets, particularly in Central Asia, the UAE, and Western Asia.
The management further revealed that RVNL is expanding its presence in foreign markets, with plans to set up offices in neighboring countries. The company has participated in a Public-Private Partnership (PPP) model project in Botswana and is actively exploring potential projects in countries like Kyrgyzstan, where they have signed an MoU for multiple projects.
RVNL’s move towards diversification and venturing into foreign markets is part of its growth strategy. The company is looking to establish a significant presence in the UAE, Central Asia, and Western Asia. By participating in various projects and forming new entities in foreign countries, RVNL aims to achieve profitable outcomes that align with its track record in the field of rail infrastructure.
RVNL’s focus on expanding its order book and venturing into offshore markets reflects its commitment to growth and diversification. With its involvement in various rail and metro projects, along with its ambitious plans for foreign ventures, RVNL is poised to continue making significant contributions to the infrastructure development sector.
