+
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
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?