RVNL secures Rs 284 cr work order from East Coast Railway

07 Oct 2024 CW Team

State-owned Rail Vikas Nigam Limited (RVNL) announced that it has won a work order from East Coast Railway for construction projects in Odisha, emerging as the lowest bidder. The order, valued at Rs 283.69 crore, is expected to be completed within 24 months, according to a filing with stock exchanges.

The work includes the construction of the 3rd and 4th lines between Jarapada and Talcher Road, as well as a new line connecting Angul to Balram (MCRL Inner Corridor Phase-I Doubling for 14 kilometers). The scope covers earthworks, minor and major bridges, track linking works, supply of ballast, signaling and telecommunications buildings, level crossings, and other miscellaneous works between Jarapada and Talcher Road, excluding station yards. It also includes works between Angul and Balram, including yard construction for MCRL Inner Corridor Phase-I Doubling.

RVNL, which operates under the Ministry of Railways, was awarded 'Navratna' status last year, allowing it to invest up to ?1,000 crore without needing central government approval. The company was incorporated as a public sector undertaking (PSU) on January 24, 2003, with the aim of enhancing railway infrastructure capacity. It received 'Mini-Ratna' status in September 2013.

In 2024, RVNL's shares have surged approximately 190%, and over the past 12 months, they have increased by around 205%.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..