Rail Vikas Nigam (RVNL), a state-owned railway PSU, has secured a contract worth Rs 900.65 million from Southern Railway to provide and augment video surveillance systems (VSS) across 484 railway stations.

The Letter of Acceptance (LoA), issued on August 13, covers installation of VSS at 441 D and E category stations and augmentation at 43 stations in A1, A, B, and C categories. The project will be executed over 18 months under RVNL’s normal course of business operations and standard contract conditions. The initiative is aimed at strengthening surveillance infrastructure and enhancing passenger security across the Southern Railway network.

Financial Performance:

In its first-quarter results, RVNL reported revenue of Rs 39.08 billion, down 4.1 per cent year-on-year. EBITDA fell sharply by 71 per cent to Rs 520 million, while net profit declined 40 per cent to Rs 1.34 billion compared to Rs 2.24 billion in the same quarter last year. EBITDA margin contracted to 1.4 per cent from 4.5 per cent.

Sequentially, RVNL’s performance also weakened, with revenue down 35 per cent from the March quarter, profitability down 71 per cent, and EBITDA down nearly 90 per cent.

News source: CNBC TV18

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