RVNL Named L1 Bidder For Rs 1.81bn Northern Railway OHE Upgrade

27 Nov 2025 CW Team

State-owned Rail Vikas Nigam Ltd (RVNL) has emerged as the lowest bidder (L1) for a Northern Railway project involving the design, supply, erection, testing and commissioning of overhead equipment (OHE) modification and feeder wire work for a 2x25 kV traction system.

The contract covers capacity upgradation in the UTR–MWP section spanning 184 RKM/368 TKM in the Lucknow division of North Eastern Railway. The project, valued at Rs 1.81 billion including taxes, will be executed in the normal course of business and completed within 24 months. RVNL noted that the contract does not involve any promoter or promoter-group interest and is not a related-party transaction.

For the September quarter, RVNL reported a 19.7 per cent year-on-year decline in net profit to Rs 2.303 billion, compared with Rs 2.869 billion a year earlier. Revenue from operations rose 5.5 per cent to Rs 51.23 billion, up from Rs 48.55 billion in the corresponding period.

Operating performance weakened, with EBITDA falling 20.3 per cent to Rs 2.169 billion from Rs 2.72 billion last year. The EBITDA margin narrowed to 4.2 per cent from 5.6 per cent, reflecting higher costs and reduced profitability despite increased revenue. However, margins improved sharply from the June 2025 quarter, when the EBITDA margin stood at just 1.4 per cent and topline growth was weaker.

Shares of RVNL closed at Rs 314.05 on the BSE on 21 November, down Rs 5.05 or 1.58 per cent.

Infrastructure Urban

23 Jan 2026

9th India–Myanmar Joint Trade Committee Meeting Held in Nay Pyi Taw

The ninth meeting of the India–Myanmar Joint Trade Committee (JTC) was held in Nay Pyi Taw, Myanmar, with a focus on strengthening bilateral trade and deepening economic cooperation. The meeting was co-chaired by U Minn Minn, Deputy Minister, Ministry of Commerce of the Republic of the Union of Myanmar, and Nitin Kumar Yadav, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India.Representatives from relevant ministries and stakeholder departments from both countries participated in the discussions. The meeting covered a broad range of issues aim..

DGCA Launches Digital Pilot Licence Services for ATPL

The Directorate General of Civil Aviation (DGCA) has launched Electronic Personnel Licence (EPL) services for the Airline Transport Pilot Licence (ATPL), marking a significant step in the regulator’s ongoing digital transformation of aviation licensing in India. The service was inaugurated at an event held at the DGCA headquarters.Inaugurating the EPL ATPL service, Director General of Civil Aviation Faiz Ahmed Kidwai said the initiative represents a major advancement in strengthening India’s civil aviation regulatory framework through secure, modern and future-ready digital systems. He con..

Cabinet Extends Atal Pension Yojana and Support Till 2030–31

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Atal Pension Yojana (APY) up to the financial year 2030–31, along with the extension of government funding support for promotional and developmental activities and gap funding to ensure the scheme’s long-term sustainability.Under the approved framework, APY will continue to receive government support aimed at expanding its reach among unorganised and low-income workers. This includes funding for awareness campaigns, capacity-building initiatives and other developmental activities to strengthen ..