BCPL Railway Infra bags Rs. 710.08 million

BCPL Railway Infrastructure Limited has received an order for execution of an Upgradation of Electric Traction System project in Kharagpur-Bhadrak section of Kharagpur Division of South Eastern Railway under Rail Vikas Nigam Limited.

This contract agreement has been received for the work of "Design, Supply, Erection, Testing and Commissioning for upgradation of Electric Traction System from 1 x 25 KV to 2 x 25 KV traction system for Kharagpur(Excl)-Bhadrak (Excl) section of Kharagpur Division of South Eastern Railway to meet 3000 MT Loading target" under Rail Vikas Nigam Limited. The total project cost comprises of Rs. 710.08 million and it is expected to be executed over a period of 16 months.

Commenting on the same, Mr. Aparesh Nandi, Chairman said, "We at BCPL Railway Infrastructure Limited are pleased to inform our stakeholders on our recent order intake for upgradation of Electric Traction System in Kharagpur Division of South Eastern Railway under Rail Vikas Nigam Limited to enable safe running of trains at augmented speed of 160 km per hour. The value of this order is Rs.710.08 million and we are quite optimistic about the pipeline of orders in the coming months, in near future also."

"We, at BCPL, have offered our unparalleled services contributing towards connecting the different parts of the country especially connecting the North East and rural parts of the country and are confident to continue serving the Indian Railway sector in future. We are quite optimistic about similar projects to come on PAN India basis. There is a constant flow of railway work including EPC orders, modification work, laying of new lines, addition of 3 and 4™ lines in the existing railway tracks, increase in the speed of existing railway lines and we are optimistic that there will be no paucity of work flow in the near future."

Shares of BCPL Railway Infrastructure Ltd was last trading in BSE at Rs. 99.05 as compared to the previous close of Rs. 94.34. The total number of shares traded during the day was 54704 in over 606 trades.

The stock hit an intraday high of Rs. 99.05 and intraday low of 92.90. The net turnover during the day was Rs. 5344315.00.

Source : Equity Bulls

Keywords

BCPLRailwayInfrastructure INE00SW01015 OrderWin RailVikasNigam