Latest news with #MRVC
Business Standard
5 days ago
- Business
- Business Standard
Texmaco Rail bags Rs 122-cr order from MRVC
Texmaco Rail & Engineering said that it has received an order worth Rs 122.31 crore from Mumbai Railway Vikas Corporation (MRVC). The order is for the design, supply, construction, installation, testing, and commissioning of traction transformers and associated works for Western Railway. The project is scheduled to be executed within 30 months. Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc. The company has reported 13.5% decline in consolidated net profit to Rs 39 crore despite a 17.6% rise in revenue from operations to Rs 1,346 crore in Q4 FY25 as compared with Q4 FY24. Shares of Texmaco Rail & Engineering shed 0.43% to Rs 160.80 on the BSE.
Business Upturn
5 days ago
- Business
- Business Upturn
Texmaco Rail secures Rs 122.31 crore order from Mumbai Railway Vikas Corporation
By Aman Shukla Published on June 3, 2025, 14:33 IST Texmaco Rail & Engineering Ltd. has announced a significant contract win from Mumbai Railway Vikas Corporation Limited (MRVC). In a regulatory filing dated June 2, 2025, the company confirmed receiving an order valued at ₹122.31 crore. The scope of the project includes the design, supply, construction, installation, testing, and commissioning of traction transformers and associated works for the Western Railway network. The project is scheduled to be completed within a period of 30 months. In the excahgen filing, the company shared, 'We wish to inform you that Mumbai Railway Vikas Corporation Limited vide its letter dated 2 nd June, 2025 has awarded an order of Rs. 122.31 Crore to the Company for Design, Supply, Construction, Installation, Testing and Commissioning of traction transformers & associated work for Western Railway to be executed within 30 months.' This order reinforces Texmaco Rail's position as a key player in India's railway infrastructure sector. With expertise in executing large-scale rail electrification and engineering projects, the company continues to support the Indian Railways' modernization and expansion initiatives. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
News18
19-05-2025
- Business
- News18
Quadruple Railway Line Proposed Between Karjat And Panvel To Ease Suburban Traffic
Last Updated: With the upcoming Navi Mumbai International Airport set to drive development in the region, the railway lines will offer faster rail connectivity between Panvel and Karjat In a major move to decongest Mumbai's overburdened suburban rail network, the Mumbai Railway Vikas Corporation (MRVC) has proposed a quadruple railway line between Karjat and Panvel. The Rs 492 crore project aims to ease travel for thousands of commuters in Navi Mumbai and Raigad, two regions witnessing rapid urban growth. Currently, the Karjat-Panvel stretch operates with only a single up and down line, leading to frequent delays and severe overcrowding, especially during peak hours. The proposed plan includes adding two new tracks to the existing pair—making it a total of four lines. This expansion will allow simultaneous operation of suburban locals and long-distance trains, thereby improving punctuality and reducing congestion. The project is more than just a solution to daily travel woes. With the upcoming Navi Mumbai International Airport set to drive further development in the region, the new railway lines will offer seamless and faster rail connectivity between Panvel and Karjat. This is expected to significantly benefit areas like Uran, Navi Mumbai, and the industrial belts nearby. Despite the alignment spanning just 39 kilometres, it passes through several dense green patches, requiring thoughtful environmental assessments. Officials involved in the planning have emphasised the need to ensure minimal ecological disruption while executing the project. Once cleared, the route will also support improved freight movement by freeing up capacity for cargo trains, which currently face delays due to the limited track infrastructure. As pe the source, the blueprint has already been submitted for approval and discussions with both central and state government bodies are at an advanced stage. Budget provisioning, statutory permissions, and tender processes are being fast-tracked to ensure timely implementation. The quadruple line is a key component of Mumbai's larger vision to strengthen its suburban rail infrastructure and reduce the city's growing dependency on road travel. As more residential and commercial hubs emerge in the Mumbai Metropolitan Region (MMR), particularly towards Karjat and Panvel, efficient public transport becomes critical. Once operational, the project will not only cut down travel time but also enhance safety and comfort for lakhs of daily passengers. With dedicated paths for both passenger and freight trains, the region is set to witness a smoother and more efficient rail experience—bridging the gap between urban expansion and sustainable transport infrastructure. This initiative, when completed, will mark a significant leap toward modernising Mumbai's suburban railways while meeting the demands of a fast-growing city. Watch India Pakistan Breaking News on CNN-News18. Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated! First Published: May 19, 2025, 10:39 IST
Time of India
17-05-2025
- Business
- Time of India
Centre doubles budget for city rail transport, allocates 1,777 crore
Mumbai: The Union Budget for 2025-26 earmarked Rs 1,777 crore for Mumbai Urban Transport Projects (MUTP), more than doubling the previous year's allocation of Rs 789 crore. The state govt is expected to match the Centre's contribution, taking the total funding for the year to Rs 3,554 crore. Officials said the increased allocation is expected to support the ongoing suburban railway infrastructure projects under MUTP, which aim to improve network efficiency, ease congestion, and upgrade passenger amenities. According to officials from Mumbai Railway Vikas Corporation (MRVC), there was no shortage of funds in the last financial year (2024-25), and work on various MUTP components continued without interruption. If required, additional funds are typically provided through revised estimates in the financial year's final quarter. MRVC chairman and managing director Vilas Wadekar said the funding will help sustain momentum on several key projects. These include new railway corridors, capacity augmentation through additional lines, station redevelopment, and procurement of modern rolling stock. Under MUTP-II, which has a project cost of Rs 8,080 crore, major components include the 5th and 6th lines between CSMT and Kurla, and the 6th line between Mumbai Central and Borivli. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More Undo MUTP-III, with a project cost of Rs 10,497 crore, involves quadrupling the Virar-Dahanu corridor, developing a new suburban link between Panvel and Karjat, and procuring 47 AC 12-car rakes. MUTP-IIIA, the largest of the projects with an estimated cost of Rs 33,690 crore, includes extension of the Harbour line to Borivli.
Hindustan Times
06-05-2025
- Business
- Hindustan Times
Mumbai could get its first underground rail line
MUMBAI: Mumbai will get its first underground rail line, if all goes according to plan. Taking a cue from the Mumbai metro, whose Line 3 is the city's first-ever underground transport corridor, the Central Railway (CR) hopes to tunnel underground to build its fifth and sixth lines between Parel/Currey Road and Chhatrapati Shivaji Maharaj Terminus (CMST) in South Mumbai. The route in question covers Phase 2 of a project to build a fifth and sixth railway corridor along the Kurla-Parel-CSMT stretch of the CR's suburban system. Phase 2 is a 7.4-km line from Parel to CSMT. Phase 1, from Kurla to Parel, covers 10.1 km and is currently underway. Given the considerable challenges in land acquisition and rehabilitating project affected persons (PAPs) for mega projects like these, the railway believes tunnelling under the city would skirt these issues, making it a smoother ride. After all, if the Mumbai metro can do it, why not the railways, they argue. Nonetheless, it's an ambitious plan, and it's still in its early stages. The Mumbai Rail Vikas Corporation (MRVC) and Central Railway have met a few times but are yet to chalk out a plan for the proposed underground rail line. The outcome of technical feasibility studies will determine which agency will execute the project. Railway officials said the line would be 7.4 km long and built 20-25 metres under the overland railway tracks. Aligning with them, it would skirt buildings, roads and underground utilities, which typically pose a huge challenge to any underground project. 'We are still analysing the possibility of going underground between Parel and CSMT stations for the fifth and sixth rail lines, and the necessary studies will be undertaken before finalising it. We are preparing terms of reference for the process, and will appoint a consultant,' a senior railway official told HT. 'We will have to assess the availability of land for tunnel boring machines to enter/exit at CSMT and Parel, which will be identified during the study. Once underground, we can have alternative alignments to end the tunnel at the CSMT end,' he said. Two entry/exit points are being considered for the proposed tunnel at the CSMT end – one inside the terminus and the other near the terminus. In the first instance, the tunnel can enter/exit CSMT inside the terminus, next to the suburban railway corridor or close to the long-distance train platforms, whichever is feasible, the official said. As an alternative, an entry/exit point on the P D'Mello side of CSMT may be considered. Here, however, there are two likely challenges. The alignment of the proposed Metro 11 line, an underground metro corridor from Wadala to CSMT, would have to be taken into consideration. The Central Railway would also have to take into account the underground CSMT station of Metro 3. The tentative cost of the entire project (Phase 1 and 2) if the underground corridor is approved is pegged at ₹3,000 crore, almost three times the original cost, with only overland lines. When originally sanctioned in 2008, the estimated cost was ₹890.89 crore. It has since been revised to ₹1,337 crore.
