KOLKATA (Metro Rail News): Rail Vikas Nigam (RVNL) has signed a Memorandum of Understanding (MoU) with Integral Coach Factory (ICF) for acquiring metro coaches for Kolkata Metro Railway project.
The MoU is for the manufacture and acquisition of 296 numbers of communication-based train control system compliant metro coaches for the Kolkata Metro Railway project, which is currently under execution by RVNL.
RVNL handles the business of executing all types of railway projects which include new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc. As of 31 December 2021, the Government held a 78.2% stake in the company.
The company’s consolidated net profit rose 4.3% to Rs 293.01 crore on a 35.3% jump in net sales to Rs 5,049.
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24 crore in Q3 FY22 over Q3 FY21.
