Rail Vikas Nigam Ltd (RVNL), a prominent infrastructure company, has set its sights on generating approximately 25 percent of its total turnover from international projects within the next three years. This strategic shift indicates the company's move beyond its traditional focus on railway projects as it actively seeks to expand its global presence in high-margin infrastructure segments.MP Singh, Director (Operations) at RVNL, shared with businessline that the Navratna company, under the Ministry of Railways, is aggressively pursuing bids for projects across a diverse range of international markets. These include West Asia (Turkey and the Middle East), Africa, Europe (Albania), Asia (Nepal, Philippines, Cambodia), and South America (Peru), with the aim of increasing its international footprint by at least 2.5 times.RVNL anticipates concluding the current fiscal year with a robust order book valued at ₹105,000 crore. Notably, a significant portion of this, approximately 56 percent or ₹58,000 crore, originates from competitively bid projects and international ventures. The remaining ₹47,000 crore comprises legacy railway projects.Currently, RVNL's international project portfolio stands at around ₹4,000 crore. This includes its maiden overseas venture, a harbour construction project in the Maldives, secured through bidding in 2023. Valued at approximately ₹2,000 crore, this project is expected to be completed by July 2026 and was notably revived following intervention by the Ministry of External Affairs. Furthermore, RVNL has also submitted bids for crucial rail connectivity projects between Abu Dhabi and Oman, signaling its growing ambitions in the Gulf region. This strategic push into international markets underscores RVNL's commitment to diversifying its revenue streams and capitalizing on global infrastructure development opportunities.https://newsonprojects.com/news/rvnl-sets-sights-on-global-growth-eyes-25-revenue-from-asia-africa-europe-by-2028 (ICE MUMBAI)

Fonte notizia: News on Projects