RVNL Rallies on Bagging Rs 404-Cr Order From East Coast Railway

02 Jan 2025 CW Team

Rail Vikas Nigam Limited (RVNL) surged 3.68% to Rs 424.15 after being named the 'lowest bidder' (L1) for a Rs 404.40 crore project by East Coast Railway. The project involves the construction of 27 major bridges, earthworks for approaches, protection works, and other associated tasks between Tikiri and Bhalumaska stations for the Koraput-Singapur road doubling project under the Waltair Division of East Coast Railway. The project is scheduled for completion in 30 months.

Additionally, RVNL has also emerged as the lowest bidder (L1) for a Rs 137.16 crore contract with Central Railway for designing and supplying the traction system for the Bhusaval-Khandawa sections of the Central Railway. This project is expected to be completed in 24 months.

Rail Vikas Nigam is a major player in executing various railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, and the construction of cable-stayed bridges.

RVNL recently reported a 27.26% decline in consolidated net profit to Rs 286.89 crore, with a slight 1.20% drop in revenue from operations, which stood at Rs 4,854.95 crore in Q2 FY25 compared to Q2 FY24.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..