Rail Vikas Nigam Limited (RVNL) announced on November 18 that it has received a letter of acceptance from South Central Railway for a ₹294.94 crore project. The contract involves doubling the railway track between Navipet and Indalvai stations in Telangana, along with electrification and signaling works for the Mudkhed-Medchal doubling project. The project is scheduled for completion within 24 months.
Last week, RVNL reported its Q2 financial results, showing a 27% decline in net profit to ₹286.9 crore compared to ₹394.3 crore in the same quarter last year. Revenue from operations saw a slight dip of 1.2% year-on-year to ₹4,855 crore, while EBITDA fell 9% to ₹271.5 crore, with margins contracting to 5.6% from 6% in Q2 FY24.
Earlier this month, RVNL, in a joint venture with SCPL, emerged as the lowest bidder for an Eastern Railway project worth ₹837.67 crore. This project includes earthwork, bridge construction, drainage systems, and ancillary works for multi-tracking the railway line between Kalipahari and Pradhankhuta, with a timeline of 36 months for completion.
Rail Vikas Nigam Limited (RVNL) is a leading public sector undertaking (PSU) under the Ministry of Railways, tasked with the implementation of infrastructure projects to expand and modernize India’s railway network. Established in 2003, RVNL specializes in project execution for track doubling, electrification, gauge conversion, and the construction of new railway lines, bridges, and other key infrastructure.
The company operates as an engineering, procurement, and construction (EPC) contractor, handling projects from concept to commissioning. Known for its expertise in delivering complex projects within tight timelines, RVNL plays a crucial role in supporting India’s transportation growth and enhancing the country’s rail connectivity.
