State-owned Rail Vikas Nigam Ltd (RVNL) on Thursday (March 6) said it has received a letter of acceptance from South Western Railway for an engineering, procurement, and construction (EPC) contract valued at ₹156.36 crore (including applicable taxes).
The project involves the design, supply, erection, testing, and commissioning of a 2X25 KV overhead electrification (OHE) & power supply installation (PSI) system, along with electrical general services, engineering, and telecommunication works.
The contract covers the Rayadurga-Topavagada section of the TK-RDG railway line. The project is scheduled for completion within 18 months.
Also Read: Rail Vikas Nigam bags mega order from HPSEBL
Dip in Q3 numbers
Rail Vikas Nigam Ltd 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 ₹337.40, up by ₹1.25, or 0.37%, on the BSE.
Also Read: Rail Vikas Nigam-led consortium signs PIA with BSNL
(Edited by : Shoma Bhattacharjee)
