RVNL rises 4% after Rs 1.8 billion order from East Central Railway

12 Nov 2024 CW Team

Shares of Rail Vikas Nigam Limited (RVNL) rose by up to 3.68% on November 7, 2024, reaching an intraday high of Rs 486.90. The stock's gain followed RVNL's announcement that it secured a Letter of Acceptance (LoA) for a Rs 1.8 billion project from East Central Railway.

The order involves the design, supply, erection, testing, and commissioning of a 2x25KV feeder line along the railway track, with modifications to the 25KV overhead electrification (OHE) system. The goal is to support a 3000 MT loading target for both up and down lines of the Garwa Road-Mahadiya section in Dhanbad Division, spanning 229 Route Kilometres (RKM) and 458 Track Kilometres (TKM). The project is expected to be completed within 18 months.

Based in New Delhi, RVNL specialises in rail infrastructure projects across India. Founded in 2003, it undertakes tasks such as new railway lines, doubling, gauge conversion, electrification, metro projects, and bridge construction. It also provides financial resource mobilisation services for its projects, serving clients like Indian Railways, government ministries, and public sector entities.

With a market capitalisation of Rs 1,001.95 billion, RVNL is listed under the BSE 200 category. (Business Standard)

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..