Latest news with #RailVikasNigam
Business Standard
3 days ago
- Business
- Business Standard
Rail Vikas Nigam signs MoU with Texmaco Rail & Engineering
Rail Vikas Nigam (RVNL) has signed MoU with Texmaco Rail & Engineering. The MoU aims to establish a framework for collaboration in areas of mutual interest, particularly in the field of railway infrastructure and allied sectors. The areas of collaboration may include, but shall not be limited to, the following sectors: 1. Manufacture and Maintenance of Rolling Stock 2. Operation and Maintenance of Rolling Stock and Workshops 3. Future Collaboration and Strategic Initiatives- a) Establishment/Operation for Wheel Set Manufacturing Facility & Bogie Manufacturing Plants b) Manufacturing of Metro Coaches and Trainsets in India c) Execution of EPC and Allied Infrastructure Projects d) Technology & Innovation in areas of automation, digitalization, sustainable solutions, artificial intelligence, data analytics, green technologies, and other progressive fields relevant to railway infrastructure, manufacturing, operations, and maintenance.
Business Standard
22-05-2025
- Business
- Business Standard
RVNL Q4 PAT decline 4% YoY to Rs 459 cr
Rail Vikas Nigam reported 4.05% decrease in consolidated net profit to Rs 459.15 crore in Q4 FY25 as against Rs 478.56 crore posted in Q4 FY24. Revenue from operations slipped 4.27% YoY to Rs 6,426.88 crore in the quarter ended 31 March 2025. Profit before tax stood at Rs 546.20 crore in the fourth quarter of FY25, down 12.60% from Rs 624.96 crore reported in the same period a year ago. Total expenses declined 4.55% YoY to Rs 6,120.08 crore in the quarter ended 31 March 2025. Employee expenses stood at Rs 44.75 crore (down 1.58% YoY), finance costs were at Rs 116.98 crore (down 22.20%YoY) during the period under review. On a full-year basis, the company's consolidated net profit fell 17.36% to Rs 1,281.39 crore on an 8.93% decrease in revenue from operations to Rs 19,923.02 crore in FY25 over FY24. Meanwhile, the companys board has recommended final dividend of Rs 1.72 per share for the financial year 2024-25, subject to approval of the shareholders at the ensuing annual general meeting (AGM). The final dividend will be paid within 30 days from the date of its declaration at the AGM. Rail Vikas Nigam is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings, etc.
Business Standard
22-05-2025
- Business
- Business Standard
Rail Vikas Nigam consolidated net profit declines 4.06% in the March 2025 quarter
Sales decline 4.28% to Rs 6426.88 crore Net profit of Rail Vikas Nigam declined 4.06% to Rs 459.15 crore in the quarter ended March 2025 as against Rs 478.56 crore during the previous quarter ended March 2024. Sales declined 4.28% to Rs 6426.88 crore in the quarter ended March 2025 as against Rs 6714.01 crore during the previous quarter ended March 2024. For the full year,net profit declined 17.37% to Rs 1281.39 crore in the year ended March 2025 as against Rs 1550.69 crore during the previous year ended March 2024. Sales declined 8.94% to Rs 19923.02 crore in the year ended March 2025 as against Rs 21878.53 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 6426.886714.01 -4 19923.0221878.53 -9 OPM % 6.736.80 - 5.656.19 - PBDT 555.20629.35 -12 1680.772050.95 -18 PBT 546.20624.96 -13 1650.032030.01 -19 NP 459.15478.56 -4 1281.391550.69 -17
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.
Mint
19-05-2025
- Business
- Mint
RailTel, IRFC to Rites: Not just defence — railway stocks are on a roll too, surge up to 30% in May
Railway stocks in focus: Defence stocks have become a hot segment for Dalal Street investors ever since tensions between India and Pakistan escalated, bringing these domestic-focused companies back into the spotlight and triggering strong rallies similar to those seen during the first half of 2024. Railway stocks also joined the rally, with most stocks in the segment gaining sharply. Shares of Rail Vikas Nigam, RITES, BEML, Ircon International, RailTel Corporation of India, IRCTC, and Indian Railway Finance Corporation delivered returns of up to 30% in May, as investors responded positively to steady order wins and healthy performance in the March quarter. Railway stocks had previously experienced a sustained bull run from May 2023 to July 2024, which drove their valuations to unsustainable levels. This, combined with a slowdown in order inflows, led investors to retreat from the segment, resulting in sharp corrections from record highs. However, the recent pickup in order flow has renewed investor interest, attracting them back into the railway segment alongside the continuing momentum in defence stocks. Shares of RailTel Corporation of India jumped from ₹ 312 to ₹ 384 in May, marking a 30% gain so far — the stock's biggest monthly rise since January 2024. The infrastructure company received a work order worth ₹ 227.5 million from North Central Railway in early May. For the March quarter, the company reported a net profit of ₹ 113.4 crore, up from ₹ 77.53 crore a year ago, reflecting strong operational execution and improving business momentum. RailTel delivered FY25 profit growth of 27.6%, in line with its guidance of 25–30%. The Navratna company has reiterated its revenue and profit growth guidance of 25–30% for FY26, supported by robust order inflows worth ₹ 31.5 billion in FY25. RITES, a leading transport infrastructure consultancy and engineering firm, has also seen its share price surge 27% in May. The company secured over 150 orders (including extensions) worth more than ₹ 1,418 crore in Q4FY25, taking its order book to a record high of ₹ 8,877 crore as of March 31, 2025. In Q4, its net profit rose 6.2% YoY to ₹ 141 crore. Ircon International shares have rallied 23% so far in May, driven by consistent order wins. On May 6, the company received an order worth ₹ 1.87 billion from Kerala State IT Infrastructure. Earlier, it secured a ₹ 458.14 crore contract from North Eastern Electric Power Corporation for civil works in the Tato-I Hydro Electric Project in Arunachal Pradesh. Stock Name Returns in May so far RailTel Corporation 30% Rites 27% Ircon International 23% RVNL 17% BEML 16% IRFC 12% IRCTC 8% Source: Trendlyne In late April, Northeast Frontier Railway increased Ircon's awarded contract size by ₹ 59.44 crore. Rail Vikas Nigam (RVNL) shares have delivered a 17% return in May, fueled by steady order wins from Indian Railways. On Friday, the company bagged an order worth ₹ 116 crore from Central Railway. In mid-April, it had emerged as the lowest bidder for a ₹ 143 crore contract from Southern Railway. Indian Railway Finance Corporation (IRFC) has also seen its share price soar 12% in May amid multiple positive developments. On May 15, it received government approval to raise up to ₹ 100 billion via deep-discount bonds — a corporate debt instrument gaining popularity among state-owned firms. In late April, IRFC emerged as the lowest bidder to extend a ₹ 50 billion loan to NTPC. For the March quarter, it reported a net profit of ₹ 1,682 crore, compared to ₹ 6,723 crore in the year-ago period. Other railway-related PSU stocks, such as BEML and IRCTC, also gained 16% and 8%, respectively, in May. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
