RVNL Secures Rs 2.70 Billion Metro Station Project in Maharashtra

19 Dec 2024 CW Team

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)

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..