The project involved an engineering procurement construction (EPC) contract for the doubling of tracks between Navipet station (Exel) at 446.900 km and Indalvai Station (Incl) at 482.900 km, covering a distance of 33.70 km (excluding the Nizamabad yard from 458.825 km to 461.125 km, a stretch of 2.3 km). The scope of work also included electrification and signaling for the Mudkhed-Medchal doubling project in Telangana The cost of the project is Rs 294.94 crore and is to be executed in 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. Rail Vikas Nigam (RVNL) reported 27.26% decline in consolidated net profit to Rs 286.89 crore in Q2 FY25 as against Rs 394.42 crore posted in Q2 FY24. Revenue from operations decreased 1.20% YoY to Rs 4,854.95 crore in the quarter ended 30 September 2024. Shares of Rail Vikas Nigam (RVNL) fell 0.79% to Rs 416.50 on the BSE. Powered by Capital Market - Live

Rail Vikas Nigam has received Letter of Acceptance from South Central Railway for Engineering Procurement Construction (EPC) Contract of Doubling of Track between Navipet station (Excl) from Km 446.900 to Indalvai Station (Incl) Km 482.900 (33.70 km), {Excluding Nizamabad Yard from Km 458.825 to 461.125 (i.e.) 2.3 Km} including Electrification & Signaling works in of South-Central Railway in connection with Mudkhed-Medchal Doubling Project in the State of Telangana. The value of the project is Rs 294.94 crore. Powered by Capital Market - Live

Rail Vikas Nigam announced that Dr. M.V.Natesan, Independent Director will cease to be a Director on the Board of RVNL w.e.f. 09 November 2024.Powered by Capital Market - Live

However, revenue from operations decreased 1.20% YoY to Rs 4,854.95 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 389.31 crore in Q2 FY25, down 18.82% as against Rs 479.61 crore recorded in Q2 FY24. The company's total expenses declined marginally to Rs 4,731.52 crore in Q2 FY25 as compared to Rs 4,754.94 crore recorded in Q2 FY24. On half-year basis, the company's net profit dropped 30.73% to Rs 510.82 on 14.84% decrease in revenue to Rs 8,928.75 crore in H1 FY25 over H1 FY24. 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.Powered by Capital Market - Live

Net profit of Rail Vikas Nigam declined 27.24% to Rs 286.88 crore in the quarter ended September 2024 as against Rs 394.26 crore during the previous quarter ended September 2023. Sales declined 1.21% to Rs 4854.95 crore in the quarter ended September 2024 as against Rs 4914.32 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4854.954914.32 -1 OPM %5.286.07 - PBDT396.74485.83 -18 PBT389.31479.61 -19 NP286.88394.26 -27 Powered by Capital Market - Live

Rail Vikas Nigam has received Letter of Acceptance from East Central Railway for 'Design, Supply, Erection, Testing and Commissioning of 2x25KV feeder line along the track with 25KV OHE modification works to meet 3000 MT loading target for UP & DN line of Garwa Road -Mahadiya Section of Dhanbad Division under E.C. Railway (Total 229/458 RKM/TKM) (Tender No: EL-Proj-DNR-ETEN-04-23-24).' The value of the project is Rs 180 crore. Powered by Capital Market - Live

Rail Vikas Nigam emerges as the Lowest Bidder (L1) from South Central Railway for Engineering, Procurement and Construction (EPC) contract Agreement for Doubling of Track between Parbhani to Parli stations (58.06Kms) (excluding Gangakhed yard from km 292.075 to km 298.85 =6.775 Km) including Electrification & Signaling works in connection with Parbhani -Parli doubling project of South Central Railway in the state of Maharashtra. The project cost is Rs 625.08 crore. Powered by Capital Market - Live

Rail Vikas Nigam will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

The key equity benchmarks continued to trade with moderate losses in morning trade. The Nifty hovered below the 24,300 level. IT shares extended losses for the two trading session. Trading could be volatile due to monthly F&O series expiry today. At 10:30 ST, the barometer index, the S&P BSE Sensex, declined 287.41 points or 0.37% to 79,651.43. The Nifty 50 index fell 78.45 points or 0.32% to 24,262.40. In the broader market, the S&P BSE Mid-Cap index fell 0.35% and the S&P BSE Small-Cap index rose 0.61%. The market breadth was strong. On the BSE, 2,296 shares rose and 888 shares fell. A total of 112 shares were unchanged. Both, BSE and NSE will conduct the Muhurat trading session on Friday, 1 November, from 6:00 pm to 7:00 pm. While markets remain closed during the day, this evening session allows investors to make token investments, following a long-standing custom of trading during Diwali. Result Today: Narayana Hrudayalaya (up 1.13%), Tata Investment Corporation (up 0.75%), BF Investment (down 1.20%), BF Utilities (down 1.20%), Last Mile Enterprises (up 0.26%), and Sudarshan Pharma (up 0.09%) will announced their quarterly earnings later today. Buzzing Index: The Nifty IT index lost 2.74% to 40,526.35. The index declined 3.58% in the two trading sessions. Tech Mahindra (down 3.77%), Persistent Systems (down 3.53%), Mphasis (down 3.23%), HCL Technologies (down 2.66%), L&T Technology Services (down 2.66%), Tata Consultancy Services (down 2.54%), Infosys (down 2.33%), Coforge (down 2.3%), Wipro (down 1.67%) and LTIMindtree (down 1.2%) slipped. Stocks in Spotlight: Rail Vikas Nigam (RVNL) added 1.17% after the company informed that it has received letter of acceptance (LoA) from East Coast Railway for construction project worth Rs 283.69 crore. Jupiter Wagons gained 4.89% after the company's subsidiary acquired Log9's Railway and Electric Battery technology and business. Jupiter Electric Mobility (JEM), a subsidiary of JWL, announced a landmark acquisition of Log9's technology and business assets for its railway battery and electric truck battery divisions. The acquisition includes the engineering and production teams dedicated to railway and electric truck battery technologies, who will now become part of JEM's dynamic workforce. Additionally, JEM will acquire Log9's manufacturing facility located in Devanahalli, Bangalore. Powered by Capital Market - Live

The order entails construction of 3rd & 4th line between Jarapada & Talcher Road and new line between Angul- Balram (MCRL Inner Corridor Phase-I Doubling 14 Kms). The work includes execution of balance earthwork in formation, minor bridges, major bridges, P. way linking works, supply of ballast, S&T buildings, level crossing and other misc. works between Jarapada and Talcher Road excluding station yards in connection with 3rd & 4th line of Jarapada-Budhapank Project and between Angul & Balram including yards of MCRL Inner Corridor Phase-I Doubling. The cost of the project is Rs 283.69 crore and is to be executed in 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's consolidated net profit tumbled 34.7% to Rs 223.92 crore on 26.88% decline in revenue from operations to Rs 4,073.80 crore in Q1 FY25 over Q1 FY24. The scrip surged 6.11% to close at Rs 465.65 on Wednesday, 30 October 2024.Powered by Capital Market - Live