UP infra arm to bid for global projects, float special tendering wing

Uttar Pradesh government arm Rajkiya Nirman Nigam Limited (RNN) will now bid for global building and infrastructure projects for increasing its topline revenue and profitability.

UP deputy chief minister Keshav Prasad Maurya, who also holds the state public works department (PWD) portfolio, has directed the RNN officials to float a global tendering wing to proactively bid for such projects going forward.

Currently, the RNN has the self acclaimed capacity of undertaking infra projects totalling Rs 5,000 crore annually, which Maurya underlined should be leveraged to augment the profit score of the state PSU.

Established in August 1975 with a capital of Rs 5 lakh, RNN’s current net worth is estimated at Rs 1,486 crore.