State-owned Rail Vikas Nigam Ltd (RVNL) on Thursday (February 27) said it has received a letter of acceptance (LoA) from Central Railway for a ₹135.66-crore contract involving the design, supply, erection, testing, and commissioning of 132/55 KV traction substations, sectioning posts (SPs), and sub-sectioning posts (SSPs) in the Bhusaval-Khandwa section.
“It is hereby informed that Rail Vikas Nigam Limited has received Letter of Acceptance from Central Railway for “Design, Supply, Erection, Testing & Commissioning of 132/55 KV Traction Substation, Sectioning post (SPs) and Sub sectioning post (SSPs) in 2 x 25 KV Traction System (Scott Connected Transformer) of Bhusaval – Khandwa Sections of Central Railway, to meet 3000 MT loading target on EPC mode,” RVNL said in a regulatory filing.
The project, awarded under the engineering, procurement, and construction (EPC) mode, is aimed at meeting the 3,000 MT loading target for the railway section. It is expected to be completed within 24 months.
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RVNL reported a 13.1% year-on-year (YoY) dip in net profit at ₹311.6 crore for the third quarter that ended December 31, 2024. In the same period in FY24, the company saw a net profit of ₹358.6 crore. Revenue fell 2.6% to ₹4,567.4 crore against ₹4,689.3 crore in the year-ago period.
At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) was down 3.9% YoY to ₹239.4 crore in Q3FY25 over ₹249 crore. The EBITDA margin was largely flat at 5.2% compared to 5.3% in the corresponding period in the previous fiscal.
Shares of Rail Vikas Nigam Ltd ended at ₹350.45, down by ₹12.85, or 3.54%, on the BSE.
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(Edited by : Shoma Bhattacharjee)
