+
RVNL bags contract of Rs 11.34 billion from Chennai Metro Rail Project
RAILWAYS & METRO RAIL

RVNL bags contract of Rs 11.34 billion from Chennai Metro Rail Project

Rail Vikas Nigam (RVNL) saw its share price edge higher following its announcement of being awarded an Rs 11.34 billion Chennai Metro Rail project.

This project includes the construction of an elevated viaduct (approximate length of 10 km), nine elevated metro stations and a stabling viaduct. RVNL was trading at Rs 71.65, up Rs 1.30, or 1.85 per cent, on BSE. It touched an intraday high of Rs 72.70 and an intraday low of Rs 70.30.

RVNL, which is engaged in the business of implementing rail infrastructure projects assigned by the Ministry of Railways, such as doubling, gauge conversion, new lines, electrification, major bridges, workshops, production units, and sharing of freight revenue with the railways, saw a 36.5 per cent jump in its consolidated net profit to Rs 3.81 billion in the September quarter of FY23, on the back of a 21.9 per cent rise in net sales to Rs 49.08 billion compared to Q2 FY22.

Also Read
For stalled construction of Ejipura flyover, BBMP publishes new tender
Adani, Torrent, Shell, and Actis competing for KKR's energy InvIT

Rail Vikas Nigam (RVNL) saw its share price edge higher following its announcement of being awarded an Rs 11.34 billion Chennai Metro Rail project. This project includes the construction of an elevated viaduct (approximate length of 10 km), nine elevated metro stations and a stabling viaduct. RVNL was trading at Rs 71.65, up Rs 1.30, or 1.85 per cent, on BSE. It touched an intraday high of Rs 72.70 and an intraday low of Rs 70.30. RVNL, which is engaged in the business of implementing rail infrastructure projects assigned by the Ministry of Railways, such as doubling, gauge conversion, new lines, electrification, major bridges, workshops, production units, and sharing of freight revenue with the railways, saw a 36.5 per cent jump in its consolidated net profit to Rs 3.81 billion in the September quarter of FY23, on the back of a 21.9 per cent rise in net sales to Rs 49.08 billion compared to Q2 FY22. Also Read For stalled construction of Ejipura flyover, BBMP publishes new tender Adani, Torrent, Shell, and Actis competing for KKR's energy InvIT

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?