RVNL triumphs with Maldives port venture, aims global presence

24 May 2024 CW Team

As two years elapsed, and amid continued tension between Maldives and India, the project? among the initial bids secured by RVNL? was yielding profit margins of approximately 11 percent.

RVNL has since set its sights on expanding its presence abroad, particularly in West Asia, Africa, and neigh boring regions. Senior officials revealed intentions to explore partnerships with Botswana Railways and the Namibia Trans Kalahari project for further expansion, as reported. Reportedly, earnings and profit margins from bid-acquired projects surpass those obtained through nomination.

During a recent earnings call, company management disclosed, "The initial project within India, secured through bidding, was the Indore Metro project. Similarly, the first international project, undertaken through bidding, was in the Maldives... Profit margins from the Maldives project stood at 11 percent, compared to 10.66 percent for the Indore project. The combined turnover from these ventures amounted to Rs 9.86 billion, roughly 45 percent of the Rs 22.55 billion turnover from bidding projects. This marks a significant increase in turnover from bidding projects."

Senior officials indicated that the company has a success rate of 20 percent in bids placed to wins. RVNL has already submitted bids internationally, targeting neighboring nations such as Bangladesh, Nepal, and Sri Lanka, as well as countries in West Asia including the UAE, Oman, Uzbekistan, and Saudi Arabia, alongside Rwanda in Africa.

"We are actively seeking to expand our presence. Expressions of interest have been submitted to Botswana Railways and the Namibia Trans Kalahari project team," stated a high-ranking official. International offices have been established in South Africa, Oman, the UAE, and the Maldives.

RVNL aims to extend its presence beyond railway infrastructure and similar projects.

In 2022, it was announced that Rail Vikas Nigam (RVNL), recognised as a Navratna and the construction arm of the Ministry of Railways, had been designated as the project implementation agency for the UTF (Uthuru Thila Falhu-Island) Harbour project in the Maldives. The order for this crucial project had been issued by the Union Ministry of External Affairs. The project, estimated to cost Rs 15.44 billion, was slated for completion within a span of 24 months. As two years elapsed, and amid continued tension between Maldives and India, the project? among the initial bids secured by RVNL? was yielding profit margins of approximately 11 percent. RVNL has since set its sights on expanding its presence abroad, particularly in West Asia, Africa, and neigh boring regions. Senior officials revealed intentions to explore partnerships with Botswana Railways and the Namibia Trans Kalahari project for further expansion, as reported. Reportedly, earnings and profit margins from bid-acquired projects surpass those obtained through nomination. During a recent earnings call, company management disclosed, The initial project within India, secured through bidding, was the Indore Metro project. Similarly, the first international project, undertaken through bidding, was in the Maldives... Profit margins from the Maldives project stood at 11 percent, compared to 10.66 percent for the Indore project. The combined turnover from these ventures amounted to Rs 9.86 billion, roughly 45 percent of the Rs 22.55 billion turnover from bidding projects. This marks a significant increase in turnover from bidding projects. Senior officials indicated that the company has a success rate of 20 percent in bids placed to wins. RVNL has already submitted bids internationally, targeting neighboring nations such as Bangladesh, Nepal, and Sri Lanka, as well as countries in West Asia including the UAE, Oman, Uzbekistan, and Saudi Arabia, alongside Rwanda in Africa. We are actively seeking to expand our presence. Expressions of interest have been submitted to Botswana Railways and the Namibia Trans Kalahari project team, stated a high-ranking official. International offices have been established in South Africa, Oman, the UAE, and the Maldives. RVNL aims to extend its presence beyond railway infrastructure and similar projects.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Equipment

10 Mar 2026

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

Equipment

10 Mar 2026

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..