REC, RVNL seal Rs 350 bn deal for five-year infrastructure boost

10 Jan 2024 CW Team

REC, a power sector financier, and Rail Vikas Nigam (RVNL) have inked a Memorandum of Understanding, committing to provide financial support of up to Rs 350 billion for infrastructure projects slated for execution over the next five years.

Having successfully commissioned 140 projects, RVNL envisions a considerable pipeline of future projects that require financing. Opting for an alternative to traditional banking avenues, Rajesh Prasad, RVNL's Director of Operations, expressed the company's confidence in REC as a preferred choice due to its government affiliation, providing a sense of security. Prasad highlighted the mutually beneficial nature of the collaboration, deeming it a win-win situation for both entities.

Shifting from the nomination model to the hybrid entity model, RVNL has witnessed improved profit margins. Prasad anticipates further enhancements in margins in the near future. As the company experiences a surge in project orders, its primary focus is on railway projects, followed by expansion into the metro segment. With metro lines slated for development in over 52 cities, RVNL, currently active in only seven, aims to capitalise on this opportunity. The company is exploring key projects such as coach wagon maintenance and capacity augmentation.

Prasad projects RVNL's order book for the fiscal year 2024 to reach Rs 800 billion, reflecting the company's positive outlook and growth trajectory.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..