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

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..