RVNL Secures Rs 1.43 Billion Contract to Upgrade Salem Division Traction

08 Jul 2025 CW Team

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.

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..