RVNL Emerges as L-1 Bidder for Rs.1.48 Bn Railway Project

03 Apr 2024 CW Team

Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder (L-1) for a railway project valued at ?1.48 billion. This achievement solidifies RVNL's position as a key player in the railway infrastructure sector and underscores its capabilities in executing critical projects within the industry.

Securing the top position in the bidding process reaffirms RVNL's expertise and competitive edge in the market. The company's successful bid for the ?148 crore railway project reflects its commitment to delivering quality infrastructure solutions and contributing to the development of the railway network in India.

The project for which RVNL has emerged as the L-1 bidder is expected to play a crucial role in enhancing railway connectivity and improving operational efficiency. RVNL's involvement in the project signifies its continued efforts to modernise and expand the railway infrastructure to meet the growing demands of passengers and freight transportation.

As RVNL progresses with its bid for the railway project, stakeholders anticipate positive outcomes in terms of improved connectivity, enhanced safety standards, and overall development of the railway sector. RVNL's track record of executing projects efficiently and on schedule instil confidence in its ability to deliver on its commitments and contribute to the advancement of the Indian railways.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..