RVNL JV secures Rs 6.13 billion rail infra project in Karnataka

08 Nov 2024 CW Team

A joint venture (JV) between Rail Vikas Nigam Limited (RVNL) and Rithwik Projects Pvt. Ltd. (RPPL) has been awarded a Rs 6.13 billion rail infrastructure contract in Karnataka. RVNL announced on November 5, 2024, that the JV emerged as the lowest bidder for the "Package C4A: Construction of Nine Stations" project, awarded by Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE).

This project, part of the Bengaluru Suburban Rail Project (BSRP), involves building nine stations, including one elevated and eight at-grade stations, along with other civil and structural works. The project is set to be completed within 24 months.

RVNL holds a 51% stake in the JV, while RPPL holds the remaining 49%. This win adds to a series of successful bids for RVNL. In another recent project, RVNL, in partnership with SCPL, secured the lowest bid for an Rs 8.37 billion Eastern Railway project. RVNL has also been awarded a Rs 6.25 billion EPC contract with South Central Railway for track doubling between Parbhani and Parli in Maharashtra. Additionally, a consortium led by RVNL was selected as the lowest bidder for a Rs 50 billion project from BSNL, alongside HFCL Limited and Aerial Telecom Solutions Pvt. Ltd. (ET)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..