RVNL Secures Rs 2.70 Billion Metro Station Project in Maharashtra
RAILWAYS & METRO RAIL

RVNL Secures Rs 2.70 Billion Metro Station Project in Maharashtra

State-owned Rail Vikas Nigam Ltd (RVNL) has won a Rs 2.70 billion contract from Maharashtra Metro Rail Corporation Ltd for constructing 10 elevated metro stations under the second phase of the Nagpur Metro Rail Project (NMRP). In its regulatory filing, RVNL announced, "We have received a Letter of Acceptance for the construction of (A) seven elevated metro stations in Reach 3A: Hingna Mount View, Rajiv Nagar, Wanadongri, APMC, Raipur, Hingna Bus Station, and Hingna; and (B) three elevated metro stations in Reach 4A: Pardi, Kapsi Khurd, and Transport Nagar." The project is inclusive of GST and is expected to be completed within 30 months. RVNL’s financial performance in Q2 FY25 reflected mixed results. The net profit dropped 27% year-on-year (YoY) to Rs 2.869 billion from Rs 3.943 billion, primarily due to reduced operating margins and lower earnings. Revenue from operations dipped marginally by 1.2% YoY to Rs 48.55 billion compared to Rs 49.143 billion in the same quarter last year. EBITDA declined by 9%, reaching Rs 2.715 billion, with margins narrowing to 5.6% from 6%. Rising operational costs contributed to this decline. However, sequential improvement was noted as net profit grew 28.1% quarter-on-quarter (QoQ), and revenue rose 19.2%. Tax expenses for Q2 FY25 decreased slightly by 0.5% YoY but increased 17.2% QoQ. Shares of RVNL closed at Rs 469.90 on the BSE, up by Rs 3.90 (0.84%). This contract win adds to RVNL’s growing portfolio and aligns with its strategy to strengthen its position in India’s metro rail infrastructure sector. (CNBCTV18)

State-owned Rail Vikas Nigam Ltd (RVNL) has won a Rs 2.70 billion contract from Maharashtra Metro Rail Corporation Ltd for constructing 10 elevated metro stations under the second phase of the Nagpur Metro Rail Project (NMRP). In its regulatory filing, RVNL announced, We have received a Letter of Acceptance for the construction of (A) seven elevated metro stations in Reach 3A: Hingna Mount View, Rajiv Nagar, Wanadongri, APMC, Raipur, Hingna Bus Station, and Hingna; and (B) three elevated metro stations in Reach 4A: Pardi, Kapsi Khurd, and Transport Nagar. The project is inclusive of GST and is expected to be completed within 30 months. RVNL’s financial performance in Q2 FY25 reflected mixed results. The net profit dropped 27% year-on-year (YoY) to Rs 2.869 billion from Rs 3.943 billion, primarily due to reduced operating margins and lower earnings. Revenue from operations dipped marginally by 1.2% YoY to Rs 48.55 billion compared to Rs 49.143 billion in the same quarter last year. EBITDA declined by 9%, reaching Rs 2.715 billion, with margins narrowing to 5.6% from 6%. Rising operational costs contributed to this decline. However, sequential improvement was noted as net profit grew 28.1% quarter-on-quarter (QoQ), and revenue rose 19.2%. Tax expenses for Q2 FY25 decreased slightly by 0.5% YoY but increased 17.2% QoQ. Shares of RVNL closed at Rs 469.90 on the BSE, up by Rs 3.90 (0.84%). This contract win adds to RVNL’s growing portfolio and aligns with its strategy to strengthen its position in India’s metro rail infrastructure sector. (CNBCTV18)

Next Story
Real Estate

Hyderabad Records Rs 40+ Bn in Property Registrations in May 2025

According to Knight Frank India’s latest assessment, residential property registrations in Hyderabad rose by 2 per cent year-on-year (YoY) and 5 per cent month-on-month (MoM) in May 2025—the first such increase recorded this year. Total value of homes registered have surged by 14 per cent YoY and 4 per cent MoM. Registrations for homes priced above Rs 1 crore grew sharply by 37 per cent YoY, accounting for 19 per cent of total registrations. The Hyderabad residential market spans across four districts—Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy—and includes transactions f..

Next Story
Infrastructure Urban

India Remains Top 10 Global Destination for Land Investments: Colliers

Asia Pacific continues to assert its dominance on the global investment stage and play a key role in overall capital movements, according to a new report from Colliers. Colliers’ Global Capital Flows June 2025 report found Singapore, Japan and Hong Kong among the top 10 sources of global capital in the first quarter, with Singapore in fourth position, Japan seventh and Hong Kong tenth.While Japan and Australia ranked among the top 10 global cross-border capital destinations for standing assets, India continued to feature prominently at the seventh place in the top 10 global cross-border capi..

Next Story
Equipment

First Liebherr 43 K Fast-Erecting Crane Goes to Zimmerei Frank

Munich-based carpentry company Zimmerei Frank is the first customer to take delivery of a new Liebherr 43 K fast-erecting crane. The crane was successfully delivered in May 2025 and has joined a fleet of 14 already existing Liebherr cranes. The medium-sized company, which has a 60-strong workforce, has opted for Liebherr’s quality, reliability and collaborative partnership on all its projects for years.Liebherr’s 43 K succeeds the popular 34 K, a crane model that Zimmerei Frank has always had good experiences with. The company has now decided to opt for the 43 K; the first crane produced f..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?