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)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..