RVNL Bags Rs 910 Million Southern Railway Surveillance Order

18 Aug 2025 CW Team

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

Image source: https://www.fortuneindia.com/

Real Estate

29 Sep 2025

Hiranandani Launches India’s Largest Coastal Township in Alibaug

Hiranandani Communities, led by Dr Niranjan Hiranandani, has launched Hiranandani Sands, India’s largest integrated coastal township, near Mumbai in Alibaug, with an estimated revenue of Rs 170 billion. Spanning 225 acre, the township is designed as Mumbai’s lifestyle extension hub, featuring luxury homes, signature villas, plotted developments, and branded serviced apartments. Residents will have private beachfront access and a jetty, alongside five hotels covering luxury, business, and leisure segments, a mega convention centre, eco-wellness hub, beachside entertainment, and a globa..

TDI City Kundli Relaunched with Rs 1 Billion Redevelopment Plan

TDI Infrastructure has announced a Rs 1 billion investment to redevelop and relaunch the 1,100-acre TDI City Kundli, positioning it as a natural and affordable alternative for residents of North and West Delhi. Situated just 30 minutes from Delhi via the newly operational UER-2, the township currently has around 7,000 plot owners and more than 5,000 apartments.“As part of the redevelopment, we are collaborating with Resident Welfare Associations (RWAs) to upgrade 62 parks across 23 acres, improve internal roads, enhance the existing clubhouse, and commence a new second clubhouse to support r..

India Plans Rs 70 Billion Push for Shipbuilding and Ports

The Indian government is preparing a Rs 70 billion stimulus for the shipping sector, with the Union Cabinet expected to review three major schemes shortly, according to media reports. The initiative reflects India’s efforts to expand shipbuilding, port infrastructure, and maritime trade capacity in the coming years.Shares of leading shipbuilders such as Shipping Corporation of India (SCI), Garden Reach Shipbuilders & Engineers (GRSE), and Mazagon Dock Shipbuilders have already risen on expectations of government support.The plan centres on three key initiatives: a Rs 20 billion Shipbuild..