RVNL Aims For 25-30% CAGR In Next Few Years, Says Chairman Pradeep Gaur
Rail Vikas Nigam Ltd. saw lower incremental growth as compared with the past, as revenue incurred from projects started to taper down, according to Chairman and Managing Director Pradeep Gaur.
Revenue growth on projects taken from bidding has expanded 3-4 times year-to-year, he said. Gaur expects the company to reach a compound annual growth rate of 25-30% in the next few years.
Scaling To Other Sectors
Since RVNL was established as an executive arm of Indian Railways, it received projects assigned by the Ministry of Railways. But from FY22, the company has started to expand to other sectors "way beyond its mandate", Gaur said.
These sectors include metros, national highways, ports, irrigation and solar projects.
45% of RVNL's orders include metro contracts and the company, along with its joint venture partner, plans to build 120 sets of Vande Bharat trains. “We are also doing a strategic port in Maldives, solar projects in Central Asia and Middle East, along with a transmission line in Africa."
RVNL's margin while executing railway projects was stable as compared with an improved margin currently. This is because the margin received from various sectoral projects rely on their performance, said Gaur.
In the past, the company only had employees from the railway sector, but presently, it has people working from different sectors, depending upon the projects, he said.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
