During an investors call, the management disclosed plans for seeking new opportunities in offshore markets, including Central Asia and the UAE, alongside Western Asia.
Top management officials stated, "We have secured an order book of around Rs 65,000 crore, with half of it coming from typical railway projects and the other half from the market. We anticipate maintaining an order book of approximately Rs 75,000 crore in the foreseeable future." A breakdown of the total order book reveals that Rs 9,000 crore is allocated to Vande Bharat trains, while Rs 7,000 crore pertains to various metro projects. RVNL has also secured contracts in electrification, transmission lines, and other sectors.
Furthermore, the company is diversifying its portfolio by exploring opportunities abroad. In pursuit of growth in offshore markets, RVNL recently participated in a Public-Private Partnership (PPP) project in Botswana, where it has been shortlisted.
This story is from the February 19, 2024 edition of The Business Guardian.
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This story is from the February 19, 2024 edition of The Business Guardian.
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