RVNL wins Rs 1.87 bn bid for Nagpur Metro Stations project
RAILWAYS & METRO RAIL

RVNL wins Rs 1.87 bn bid for Nagpur Metro Stations project

Rail Vikas Nigam (RVNL), a major railway construction company, announced that it had been identified as the lowest bidder for a Rs 1.87 billion metro stations project in Nagpur. The project execution is scheduled to take 30 months.

The rail public sector undertaking (PSU) informed exchanges that RVNL had emerged as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation (Nagpur Metro) for the construction of six elevated metro stations, namely Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club, and Kanhan River Metro Station. These stations span between Ch. ? 7576.78mm to Ch - 13457.76m in Reach 2B of NMRP Phase 2.

Previously, on May 20, RVNL had reported a strong quarter with a 17.4% revenue growth from the previous year, reaching Rs 67.14 billion. The margin had also expanded by 20 basis points, increasing from 6.6% to 6.8%.

RVNL's net profit saw a year-on-year increase of 33%, amounting to Rs 4.78 billion. By the end of the financial year 2024, the company?s total order book stood at Rs 850 billion, with Rs 400 billion from the bid portion and Rs 450 billion from the nomination portion.

Additionally, on Monday, the company received the Letter of Acceptance (LoA) from the South Eastern Railway to achieve its 3,000 MT loading target. This involves designing, supplying, erecting, testing, and upgrading an electric traction system from 1x25 KV to 2x25 KV traction in the Kharagpur division.

RVNL?s share price closed at Rs 368.55 per share, reflecting a nearly one percent decline in trade on that day. Despite this, the stock has gained over 100% so far this year.

Rail Vikas Nigam (RVNL), a major railway construction company, announced that it had been identified as the lowest bidder for a Rs 1.87 billion metro stations project in Nagpur. The project execution is scheduled to take 30 months. The rail public sector undertaking (PSU) informed exchanges that RVNL had emerged as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation (Nagpur Metro) for the construction of six elevated metro stations, namely Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club, and Kanhan River Metro Station. These stations span between Ch. ? 7576.78mm to Ch - 13457.76m in Reach 2B of NMRP Phase 2. Previously, on May 20, RVNL had reported a strong quarter with a 17.4% revenue growth from the previous year, reaching Rs 67.14 billion. The margin had also expanded by 20 basis points, increasing from 6.6% to 6.8%. RVNL's net profit saw a year-on-year increase of 33%, amounting to Rs 4.78 billion. By the end of the financial year 2024, the company?s total order book stood at Rs 850 billion, with Rs 400 billion from the bid portion and Rs 450 billion from the nomination portion. Additionally, on Monday, the company received the Letter of Acceptance (LoA) from the South Eastern Railway to achieve its 3,000 MT loading target. This involves designing, supplying, erecting, testing, and upgrading an electric traction system from 1x25 KV to 2x25 KV traction in the Kharagpur division. RVNL?s share price closed at Rs 368.55 per share, reflecting a nearly one percent decline in trade on that day. Despite this, the stock has gained over 100% so far this year.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code