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)

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..