Rail Vikas Nigam (RVNL) has announced that it has received a Letter of Acceptance (LoA) from Central Railway for a project valued at Rs 135.66 crore.
The contract involves the design, supply, erection, testing, and commissioning of 132/55 KV Traction Substations, Sectioning Posts (SPs), and Sub-Sectioning Posts (SSPs) for the 2 x 25 KV Traction System (Scott Connected Transformer) on the Bhusaval-Khandwa sections of the Central Railway. This project aims to meet the 3000 MT loading target and will be executed under the Engineering, Procurement, and Construction (EPC) mode.The total contract value is Rs 135.66 crore and the project is scheduled to be completed within 24 months.
Rail Vikas Nigam is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings, etc.
The company reported 13.14% decline in consolidated net profit to Rs 311.44 crore in Q3 FY25 as against Rs 358.57 crore posted in Q3 FY24. Revenue from operations decreased 2.60% YoY to Rs 4,567.38 crore in the quarter ended 31 December 2024.
The scrip slipped 1.70% to Rs 344.50 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app