Rail Vikas Nigam Ltd (RVNL) has secured a significant project worth ₹160.08 crore from East Coast Railway, marking its emergence as the lowest bidder for the provision of an Automatic Block Signaling system. The project also includes the installation of dual Multi-Section Digital Axle Counters (MSDAC) and modifications in existing Electronic Interlocking (EI), Panel Interlocking (PI), and Route Relay Interlocking (RRI) stations.
In a filing with the stock exchange, RVNL announced, “Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from East Coast Railway for ‘Provision of Automatic Block Signaling system with dual MSDAC and alteration in existing El/Pl/RRI stations.'” The project will cover sections including Jakhapura-Nergundi, Khurda Road-Bhusundpur, and Bhusundpur-Golanthra in the Khurda Road Division of East Coast Railway. It is scheduled to be completed within a 24-month period.
RVNL’s financial performance has shown robust growth, with a 33.2% year-on-year increase in net profit to ₹478.6 crore for the fourth quarter ending March 31, 2024. The company reported a revenue from operations of ₹6,714 crore, up 17.4% from ₹5,719.8 crore in the corresponding period of the previous fiscal. At the operating level, EBITDA rose 21.8% to ₹456.4 crore, with an EBITDA margin of 6.8% compared to 6.6% in the same period last fiscal.
This project win underscores RVNL’s commitment to enhancing railway infrastructure and advancing signaling technology to improve operational efficiency and safety across East Coast Railway’s network.
