Rail Vikas Nigam hosted a conference call on May 17, 2024. In the conference call the company was represented by Rajesh Prasad, Director Operations and   Sanjeeb Kumar, Director Finance & CFO.

Key takeaways of the call

Order book of the company currently stands at Rs 83221 crore. Majority of the order books is for new railway lines with railway line doubling of about around Rs 7500 crore and gauge conversion of about just Rs 500 crore.  

Due to elections the tendering and order finalization has slowed down. There were 52-57 numbers of tenders and opening of bids of them and order finalization got delayed due to election.   And this is reasons beyond the limit of the company.    In time to come the orders will come.  Investment to the tune of Rs 25 lakh crore is under pipeline/planned in railway infrastructure in the country and the company  will be one of the beneficiary of that.

Confident of achieving revenue of about Rs  22000 crore or more for FY25.  As per the project from market the margin will vary.  The Indore metro project we picked from market the margin will be better than the nominated projects. The company is working on the challenges in relation to projects bagged in competitive bidding process.

Tenders of Bangladesh may not come soon/delayed due to geopolitical reasons.