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.

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..