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Business Standard
20-05-2025
- Business
- Business Standard
RVNL emerges as L1 bidder for Rs 179 cr signalling and telecom project
Rail Vikas Nigam (RVNL) announced that it has emerged as the Lowest Bidder (L1) for Rs 178.64 crore contract from IRCON International for the supply of signalling, telecommunications, and EIMWB (Electronic In-Motion Weighbridge) materials. As part of the order, RVNL will undertake the installation, testing, and commissioning of distributed/centralised Electronic Interlocking (EI) systems at 10 new stations: Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan, and Bhadi. Additionally, the scope of work includes setting up six new Intermediate Block Signalling (IBS) systems in key block sectionsBhingra-Putuwa, Putuwa-Matin, Sendurgarh-Putipakhana, Putipakhana-Bhadi, Bhadi-Dhangawan, and Dhangawan-Pendra Road. The company will also install and commission a new Section Control System along with headquarters and wayside train control communication systems in the Gevra RoadPendra Road section. The project further involves the installation of a new telephone exchange and IMVVBs (Integrated Multi-Voltage Voice Boxes) at designated locations, in addition to signalling and telecommunications upgrades. Modifications will be made to the existing Panel Interlocking Installation at Kusmunda Block Station (KBS) yard and the Electronic Interlocking System at the East Cabin of the SECL SILO Siding (KMKA) yard. The project is expected to be completed within 11 months, including the monsoon period, as per the terms outlined in the Special Conditions of Contract (SCC CI 12.0). The counter declined 2.92% to Rs 418.40 on the BSE.
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Business Standard
20-05-2025
- Business
- Business Standard
RVNL pares gain, slips 7% from day's high despite ₹179-cr order win
RVNL share price: State-owned Rail Vikas Nigam Limited (RVNL) share price rose up to 3.94 per cent to hit an intraday high of ₹448 per share on Tuesday, May 20, 2025. However, by 10:10 AM, RVNL shares pared gains with the scrip falling 7.28 per cent lower from day's high to a low of ₹415.35 apiece. At 10:30 AM, RVNL share continued to trade near day's low level, down 3.40 per cent at ₹416.35. In comparison, BSE Sensex was trading 0.24 per cent lower at 81,858.8 level. Catch Latest Stock Market Updates Today LIVE What led to the initial uptick in the RVNL share price today? RVNL share price gained after the company announced that it has emerged as the lowest bidder (L1) for a project worth ₹178.64 crore from IRCON International. The project involves the installation, testing, and commissioning of telecommunications and EIMWB systems, along with Distributed and Centralised Electronic Interlocking (EI) at 10 new stations, including Surakachhar, Katghora Road, and Dhangawan. It also covers the setup of six new Intermediate Block Sections (IBSs) across designated block sections between Bhingra and Pendra Road. Additionally, the scope includes the implementation of a new Section Control System with associated train control communication equipment in the Gevra Road–Pendra Road section, a new telephone exchange, and EIMWBs at suitable locations. Modifications to the existing interlocking systems at Kusmunda Block Station and the SECL SILO Siding East Cabin are also part of the works. ALSO READ | In an exchange filing, RVNL said, 'It is hereby informed that RVNL emerges as the lowest bidder (L1) from IRCON International Limited for 'Supply of various signalling, telecommunications and EIMWB materials; Installation, Testing and Commissioning of Distributed/Centralised Electronic Interlocking (El) Installations at 10 new stations, viz., Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan and Bhadi stations; 06 new IBSs in the Bhingra-Putuwa, Putuwa-Matin, Sendurgarh-Putipakhana, Putipakhana-Bhadi, Bhadi Dhangawan & Dhangawan-Pendra Road block sections; Installation, Testing and Commissioning of New Section Control System with Headquarters and Wayside Train Control Communication Equipment/System in the Gevra Road-Pendra Road section; Installation, Testing and commissioning of new Telephone Exchange and EIMWBs at appropriate location(s) through execution of various signalling & telecommunications works; alterations/modifications in the existing panel interlocking installation at Kusmunda Block Station (KBS) yard and the existing electronic interlocking installation at East Cabin of the SECL SILO Siding (KMKA) yard including other miscellaneous works.' About RVNL RVNL is a company based in New Delhi, specialising in the construction of rail infrastructure projects across the country. Set up in 2003, the company is actively involved in the development and implementation of various railway projects, including new lines, doubling, gauge conversion, railway electrification, workshops, metro projects, bridges, construction of cable-stayed bridges, and institution buildings. Additionally, it offers financial resource mobilisation services to support its projects. Rail Vikas Nigam Limited caters to clients such as Indian Railways, central and state government ministries, departments, and public sector undertakings. The market capitalisation of RVNL is ₹87,153.84 crore, according to BSE. The company falls under the BSE200 category.
Mint
20-05-2025
- Business
- Mint
Stocks to watch: Hindalco, Dixon Tech, BEL, RVNL, Power Grid among shares in focus today
Shares of Hindalco, EIH, Zydus Lifesciences and Dixon Technologies will remain in focus as companies are set to post their Q4 earnings today. Bharat Electronics Ltd (BEL), a government-owned enterprise, reported its Q4FY25 results, posting an 18% increase in net profit to ₹ 2,127 crore. The company has been selected as the lowest bidder for a project valued at ₹ 178.64 crore awarded by IRCON International. The scope of the project includes supplying signalling, telecommunications, and EIMWB materials, as well as carrying out the installation, testing, and commissioning of distributed or centralised electronic interlocking (EI) systems at 10 newly developed stations. Power Grid Corporation released its Q4 FY25 results, reporting a slight decline of 0.6% in net profit, which stood at ₹ 4,143 crore for the quarter. The real estate giant posted a 36.3% year-on-year increase in net profit, reaching ₹ 1,282.2 crore in the fourth quarter, compared to ₹ 920.7 crore in Q4FY23. The company posted a 23.4% increase in consolidated net profit on a quarterly basis, reaching ₹ 1,070.2 crore for the fourth quarter ended March 31, up from ₹ 867 crore in the preceding quarter. A leading producer of glassware and laboratory equipment reported a 120% year-on-year increase in net profit for the fourth quarter of FY25, reaching ₹ 11 crore, up from ₹ 5 crore in the corresponding period last year. Waaree Energies announced that its board has given the green light to a proposal to acquire Kamath Transformers Private Ltd for approximately ₹ 293 crore. Kamath Transformers specializes in the production of transformers. The fair trade watchdog, the Competition Commission of India (CCI), has rejected a complaint accusing public sector lender Canara Bank of abusing its dominant position and engaging in anti-competitive practices concerning several loan deals. The company announced a 7% decline in its Q4 net profit, which stood at ₹ 177.5 crore compared to ₹ 191 crore in the corresponding quarter of the previous fiscal year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
