RVNL wins NHAI project worth Rs 8.08 billion as lowest bidder

11 Jul 2023 CW Team

Rail Vikas Nigam (RVNL) has emerged as the lowest bidder for the rehabilitation and upgradation of the Chandikhole-Paradip section of NH-53 (Old NH - 5A) on HAM mode. The project's cost amounts to Rs 8.08 billion.

It was mentioned that the project has been awarded by the National Highways Authority of India (NHAI). The contract is expected to be executed within a span of 24 months.

During the fourth quarter of FY23, RVNL reported a 5 percent decline in net profit, which totalled Rs 3.59 billion compared to the previous year. The company's total revenue amounted to Rs 57.19 billion, reflecting an 11% decrease from the corresponding period of the preceding fiscal year, which had recorded revenue of Rs 64.37 billion.

The shares of RVNL have experienced a notable increase in value, in line with the overall surge in railway stocks. Over the past six months, RVNL shares have risen by approximately 70 percent. On July 7, the stock concluded the trading session with a minor decline of less than 1 percent.

Also read:
TMC plans to construct more internal roads with TTD support
3 Bidders for Mumbai’s Goregaon – Mulund Link Road Tunnel Project

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..