RVNL Named L1 Bidder For Rs 1.81bn Northern Railway OHE Upgrade
RAILWAYS & METRO RAIL

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

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.

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.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement