Latest news with #RailVikasNigamLimited
Business Upturn
2 days ago
- Business
- Business Upturn
RVNL secures Rs 447 crore contract from Delhi Metro for Phase-IV Viaduct construction
By Aman Shukla Published on July 14, 2025, 19:12 IST Rail Vikas Nigam Limited (RVNL) has bagged a significant contract from Delhi Metro Rail Corporation (DMRC) under Delhi MRTS Phase-IV. The contract, valued at ₹447.42 crore (including 18% GST), involves the part design and construction of a 7.298-km viaduct stretching from Chainage 1202.782 M to Chainage 8501.25 M. The scope includes construction of platforms at seven metro stations — Pushp Vihar, Saket District Court, Pushpa Bhawan, Chirag Delhi, GK-1, Andrews Ganj, and Lajpat Nagar — along with pre-engineered building structures. The entire project is expected to be completed within 36 months. In the exchnages filings, the company shared, 'Rail Vikas Nigam Limited has received LOA from Delhi Metro Rail Corporation Limited for 'Contract D2C-02: 'Part Design and Construction of viaduct of length 7.298 kms. from Chainage 1202.782 M to Chainage 8501.25 M including seven (07) stations (only platforms) namely Pushp Vihar, Saket District Court, Pushpa Bhawan, Chirag Delhi, GK-1, Andrews Ganj And Lajpat Nagar including Pre-Engineered Building Structure in all stations of Lajpat Nagar to Saket G block corridor of Delhi MRTS Phase-IV Project.' Awarded by a domestic entity, this project falls under RVNL's regular course of business and is not a related party transaction. Ahmedabad Plane Crash 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
Mint
2 days ago
- Business
- Mint
RVNL share price gains despite weak Indian markets on THIS order book update: Check details
Stock Market Today: RVNL share price gained in the intraday trades on Monday despite weak Indian markets. The company had announced receiving an order from South Central Railway on Friday, but after the market hours: Rail Vikas Nigam Limited, or RVNL, on 11 July post-market hours had announced receipt of a Letter of Acceptance (LOA) from South Central Railway. The Rail Vikas Nigam Ltd announced on the National Stock Exchange of India Ltd and the BSE, or the Bombay Stock Exchange, that it has received an LOA from South Central Railway for 'Design, Supply, Erection, Testing, and Commissioning for OHE upgradation. The overhead equipment, or OHE, upgrade is to be done for the existing 1X25 kV system to 2X25 kV at the feeding system with feeder and earthing works. The OHE section upgrade is to be done by PVNL in the Duvvada-Rajahmundry & Samalkot-Kakinada Port section of Vijayawada Division under South Central Railway, totaling 195.5 RKM/391TKM. While RKM stands for Route Kilometer, TKM stands for tonne-kilometer, a unit of measure of freight transport that represents the transport of one tonne of goods (including packaging and tare weights of intermodal transport units). The broad consideration of this order stands at ₹ 213 crore for RVNL. As per the RVNL release, the cost of work is ₹ 213,224,854.62 ( ₹ Two Hundred Thirteen Crore Twenty-Two Lakh Forty-Eight Thousand Five Hundred Forty-Six rupees and Sixty-Two paisa), including applicable taxes. The order by South Central Railway for Design, Supply, Erection, Testing, and Commissioning for OHE upgradation is to be completed by RVNL within in 24 months. The RVNL share price that opened at ₹ 383.60 was slightly higher than the previous trading session's closing price of ₹ 381.55. However, the RVNL share price gained to intraday highs of ₹ 385.15, which meant close to one percent gains despite weak Indian stock markets and on a day when the benchmark S&P BSE Sensex was down close to half a percent. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Indian Express
4 days ago
- Business
- Indian Express
RVNL Share Price: Railway PSU wins Rs 213 crore project; stock up 215% in 2 years
RVNL Share Price: Shares of Rail Vikas Nigam Limited closed in red on Friday (July 11) after receiving contract from Indian Railways. The PSU railway stock settled at Rs 380.95 apiece, down 0.97 per cent. According to the NSE, the midcap stock has a total market cap of Rs 79,428.84 crore. The stock registered 52-week-high of Rs 647 on July 15, 2024. It recorded 52-week-low of Rs 305 on April 7, 2025. RVNL has secured a contract worth Rs 213.22 crore from South Central Railway (SCR). In an exchange filing on July 11, the railway PSU said, 'Rail Vikas Nigam Limited has received LOA from South Central Railway for 'Design, Supply, Erection, Testing and Commissioning for OHE upgradation of existing 1X25kV system to 2X25kV at feeding system with feeder and earthing works in Duvvada-Rajahmundry & Samalkot-Kakinada Port section of Vijayawada Division under South Central Railway, Total 195.5 RKM/ 391 TKM.' RVNL is a component of the BSE 200. According to the BSE analytics (as of July 12), shares of Rail Vikas Nigam Limited (RVNL) fell 2.50 per cent and 3.47 per cent in the last 1 week and 2 weeks, respectively. In the last 1 year, shares of the company down 39.44 per cent. However, in the past 2 years, 3 years, and 5 years, shares of the company up 215.46 per cent, 1132.79 per cent, and 1841.73 per cent, respectively. In 2024, RVNL paid a dividend of Rs 2.11. Last year, the railway PSU announced dividends of Rs 2.13. In 2022, the company paid total dividends of Rs 1.83. RVNL never issued bonuses for the equity shareholders. RVNL is a Central Public Sector Enterprises of Ministry of Railways, and was granted Navratna Status in 2023. The company was incorporated with the twin objectives of implementation of projects relating to creation and augmentation of capacities of rail infrastructure on fast track basis and raising of extra budgetary resources for SPV projects.
India.com
05-07-2025
- Business
- India.com
RVNL Bags Rs 143.3 Crore Order From South Central Railway To Upgrade Electric Traction System
New Delhi: Rail Vikas Nigam Limited (RVNL), a public sector undertaking under the Ministry of Railways, on Saturday announced that it has signed a letter of agreement (LoA) for a new contract worth Rs 143.3 crore with South Central Railway. The project involves the upgrade of the electric traction system in the Salem division of Southern Railway. 'It is hereby informed that Rail Vikas Nigam Limited has received LOA from Southern Railway for Upgradation work of Electric traction system,' the company said in its stock exchange filing. Specifically, the scope of work includes converting the existing 1x25 kV traction system to a more advanced 2x25 kV system on the Salem Junction – Podanur Junction and Irugur – Coimbatore Junction – Podanur Junction sections. According to the filing, the upgrade will help Southern Railway enhance its capacity and meet the target of 3,000 metric tonnes of freight loading. 'The project will be executed over a period of 24 months and includes applicable taxes within the Rs 143.3 crore cost,' it added in its filing. This comes close on the heels of RVNL emerging as the lowest bidder for another railway project worth Rs 213.22 crore from South Central Railway, as reported on June 30. Despite a relatively subdued performance in FY25 so far, the company has reaffirmed its revenue guidance of Rs 20,000–Rs 22,000 crore for the current financial year. RVNL's shares ended flat at Rs 391.2 apiece on the National Stock Exchange (NSE) on Friday. The company continues to maintain strong momentum with its diversified project portfolio, including construction of new railway lines, doubling of tracks, electrification, metro projects, major and cable-stayed bridges, and institutional infrastructure. Meanwhile, in a strategic push toward clean energy and sustainability, RVNL is also exploring partnerships in the nuclear energy space. In June, media reports stated that the company is in discussions with Russia's state-owned atomic energy company Rosatom to build Small Modular Reactors (SMRs) for its ongoing mega infrastructure projects, such as the Rishikesh-Karnaprayag railway line.
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Business Standard
30-06-2025
- Business
- Business Standard
RVNL shares rise 2% on ₹213 crore South Central Railway project
Shares of Rail Vikas Nigam Limited (RVNL) rose over 2 per cent on Monday, after it secured the bid for a project worth ₹213.2 crore, awarded by the South Central Railway. The civil construction stock rose as much as 2.27 per cent during the day to ₹404 per share. The stock pared gains to trade 1 per cent higher at ₹398.2 apiece, compared to a 0.3 per cent decline in Nifty 50 as of 10:26 AM. Shares of the company are down nearly 10 per cent from their recent highs of ₹440 per share, which it hit in May. The counter has risen 5.6 per cent this year, compared to an 8.2 per cent advance in the benchmark Nifty 50. RVNL has a total market capitalisation of ₹83,129.7 crore, according to BSE data. Track LIVE Stock Market Updates Here RVNL bags ₹213 crore South Central Railway project Rail Vikas Nigam Limited has emerged as the lowest bidder (L1) for a project awarded by South Central Railway, according to an exchange filing. The ₹213.2 crore project involves the design, supply, erection, testing, and commissioning for the upgradation of the overhead electrification (OHE) system from 1X25kV to 2X25kV. This includes feeder and earthing works in the Duvvada–Rajahmundry and Samalkot–Kakinada Port sections of the Vijayawada Division, covering a total of 195.5 RKM/391 TKM. RVNL Q4 results The company reported a consolidated net profit of ₹459.15 crore in the March quarter of financial year 2025 (Q4FY25), falling nearly 4 per cent from ₹478.56 crore in the same period a year ago (Q4FY24). However, on a sequential basis, the company's profit zoomed 47 per cent from ₹311.44 crore in Q3FY25. Revenue from operations slipped marginally Y-o-Y to ₹6,426.88 crore, from ₹6,714.01 crore in Q4FY24. Meanwhile, RVNL reported a consolidated net profit of ₹1,281.39 crore in FY25, down from ₹1,550.69 crore in FY24. Moreover, the revenue from operations dropped to ₹19,923.02 crore from ₹21,878.53 crore a year ago. 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 institutional buildings.
