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business | IST

RVNL expects topline growth of 30-40% in FY21

Mini

State-owned Rail Vikas Nigam Ltd (RVNL) on Wednesday said it expects topline growth of 30-40 percent in FY21.

State-owned Rail Vikas Nigam Ltd (RVNL) on Wednesday said it expects topline growth of 30-40 percent in FY21.
In an interview to CNBC-TV18, Pradeep Gaur, chairman and managing director, said, "We will be ending this financial year with 20-25 percent growth in financial performance than last year."
"We have exceeded pre-COVID levels and the value of projects that we will be executing will be almost 25-30 percent higher than last year and physical performance will be even more," he said.
Gaur said, "Our orderbook is in the range of Rs 75,000 crore. Most of this is comprising of doubling of the track and new lines. Very small percentage is for the gauge conversion projects and rail electrification projects.”
He believes steel price rise will not affect the company.