RVNL Bags Rs 910 Million Southern Railway Surveillance Order
RAILWAYS & METRO RAIL

RVNL Bags Rs 910 Million Southern Railway Surveillance Order

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/

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 TV18Image source: https://www.fortuneindia.com/

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement