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.

Next Story
Infrastructure Urban

ClickPost Launches Atlas to Benchmark E-commerce Logistics

ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost’s proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights—from fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data—allowing brands to identify operational..

Next Story
Real Estate

Kalyani Launches Two New LivingTree Towers in Bengaluru

Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23–24 fl..

Next Story
Infrastructure Urban

Blue Water Logistics IPO opens May 27

Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?