Rail Vikas Nigam Limited (RVNL) has once again demonstrated its leadership in the infrastructure sector by delivering robust financial performance and accomplishing key operational milestones. The company’s annual report for FY 2023-24 showcases its resilience, innovative approach, and commitment to national infrastructure development. As RVNL continues to expand its geographical presence and take on ambitious projects both domestically and internationally, it has earned the trust of stakeholders and cemented its position as a pivotal player in India’s infrastructure landscape.
Key Highlights from RVNL’s FY 2023-24 Annual Report:
- Financial Performance:
- Turnover: ₹21,732.58 crore, up 7.15% from ₹20,281.57 crore in the previous year.
- Profit Before Tax (PBT): ₹1,939.40 crore, a 17.94% increase.
- Profit After Tax (PAT): ₹1,462.95 crore, reflecting a 15.38% rise.
- Net Worth: ₹7,867.28 crore, up 21.42%.
- Reserves & Surplus: ₹5,782.26 crore, a growth of 31.59%.
- Dividend:
- The board recommended a final dividend of ₹439.94 crore, equivalent to ₹2.11 per fully paid equity share.
- Operational Highlights:
- Projects Completed: 578.73 km, including new lines, doubling, gauge conversion, metro projects, and railway electrification.
- Notable Projects:
- Banspani-Daitari-Tomka-Jakhapura doubling (180 km).
- Hyderabad-Secunderabad multi-modal transport system.
- 810.70 km of electrified sections commissioned in FY 2023-24.
- Human Resource Initiatives:
- Successful promotions and the establishment of a Gratuity Trust.
- Employee Satisfaction Survey conducted, showing positive results.
- Awards & Recognition:
- RVNL received the prestigious Navratna status in May 2023.
- Multiple awards, including Skoch Gold Award and Dun & Bradstreet PSU Award for excellence in infrastructure.
- Geographical Expansion:
- Domestic and international presence, including major projects in India and overseas (Maldives, UAE, South Africa, etc.).
Conclusion:
As RVNL continues its journey of infrastructure excellence, the company is poised for even greater success in the future. With its strengthened financial position, operational efficiency, and commitment to sustainable development, RVNL is well-equipped to scale new heights in the Indian and global infrastructure sectors. The recognition of its Navratna status further empowers RVNL to take on more ambitious projects, ensuring that it remains at the forefront of India’s development story.
