Rail Vikas Nigam – Targeted strong order inflow: IDBI Capital

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Rail Vikas Nigam Ltd. hosted a conversation with investors and analysts to update the business. The low inflow of orders is the main concern of the company. For this, the company stressed, it has bid for orders of 210 billion rupees. And from the open auctions of 60 billion rupees so far has won orders for 20 billion rupees.

Rail Vikas Nigam directed for an inflow of orders of 150 billion rupees in 23E FY.

Revenue performance in fiscal year 22 was strong, increasing by 26% year-on-year, and the company expects to maintain this as revenue growth over the medium term (four to five years).

His order book of Rs 570 billion provides revenue visibility for the next 3-3.5 years, and the catalyst for availability is winning a new contract in competitive bidding.

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