RVNL Rallies on Bagging Rs 404-Cr Order From East Coast Railway

02 Jan 2025 CW Team

Rail Vikas Nigam Limited (RVNL) surged 3.68% to Rs 424.15 after being named the 'lowest bidder' (L1) for a Rs 404.40 crore project by East Coast Railway. The project involves the construction of 27 major bridges, earthworks for approaches, protection works, and other associated tasks between Tikiri and Bhalumaska stations for the Koraput-Singapur road doubling project under the Waltair Division of East Coast Railway. The project is scheduled for completion in 30 months.

Additionally, RVNL has also emerged as the lowest bidder (L1) for a Rs 137.16 crore contract with Central Railway for designing and supplying the traction system for the Bhusaval-Khandawa sections of the Central Railway. This project is expected to be completed in 24 months.

Rail Vikas Nigam is a major player in executing various railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, and the construction of cable-stayed bridges.

RVNL recently reported a 27.26% decline in consolidated net profit to Rs 286.89 crore, with a slight 1.20% drop in revenue from operations, which stood at Rs 4,854.95 crore in Q2 FY25 compared to Q2 FY24.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..