RVNL Secures Rs 1.43 Billion Contract to Upgrade Salem Division Traction
RAILWAYS & METRO RAIL

RVNL Secures Rs 1.43 Billion Contract to Upgrade Salem Division Traction

Rail Vikas Nigam Ltd. (RVNL) has signed a letter of agreement (LoA) for a Rs 1.43 Billion contract with South Central Railway to upgrade the electric traction system in the Salem division of Southern Railway, according to a stock exchange filing dated 5 July.

The project involves upgrading the electric traction system from a 1x25 kV to a 2x25 kV system along the routes Salem Junction–Podanur Junction and Irugur–Coimbatore Junction–Podanur Junction. This enhancement will enable Southern Railway to meet its 3,000 metric tonne loading target.

The contract value of Rs 1.43 Billion includes taxes and is scheduled for completion within 24 months.

Earlier, on 30 June, RVNL emerged as the lowest bidder for a Rs 2.22 billion order from South Central Railway. Despite a subdued performance in FY25, the state-run firm reaffirmed its revenue guidance for the ongoing fiscal at Rs 200 to Rs 220 billion.

“We expect to achieve the FY26 revenue guidance as several large projects secured through bidding are now underway,” MP Singh, Director of Operations at RVNL, told CNBC-TV18 in May.

RVNL’s shares closed flat at Rs 391.2 on Friday, 4 July, at the NSE.

Rail Vikas Nigam Ltd. (RVNL) has signed a letter of agreement (LoA) for a Rs 1.43 Billion contract with South Central Railway to upgrade the electric traction system in the Salem division of Southern Railway, according to a stock exchange filing dated 5 July.The project involves upgrading the electric traction system from a 1x25 kV to a 2x25 kV system along the routes Salem Junction–Podanur Junction and Irugur–Coimbatore Junction–Podanur Junction. This enhancement will enable Southern Railway to meet its 3,000 metric tonne loading target.The contract value of Rs 1.43 Billion includes taxes and is scheduled for completion within 24 months.Earlier, on 30 June, RVNL emerged as the lowest bidder for a Rs 2.22 billion order from South Central Railway. Despite a subdued performance in FY25, the state-run firm reaffirmed its revenue guidance for the ongoing fiscal at Rs 200 to Rs 220 billion.“We expect to achieve the FY26 revenue guidance as several large projects secured through bidding are now underway,” MP Singh, Director of Operations at RVNL, told CNBC-TV18 in May.RVNL’s shares closed flat at Rs 391.2 on Friday, 4 July, at the NSE.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?