Rail Vikas Nigam Limited (RVNL) has signed a memorandum of understanding (MoU) with GBH International Contracting LLC (GBHIC), a company based in Dubai, United Arab Emirates. The companies have signed the MoU to collaborate and explore business opportunities in the civil infrastructure sector in GCC Countries.
Earlier, the company had signed an MoU with Visakhapatnam Port Authority (VPA) for ‘Construction of internal flyovers to enhance the smooth evacuation of cargo and eliminate the 11-level crossings that currently hinder the free flow of traffic at VPA.’.
On 31st December 2024, the company emerged as the Lowest Bidder (L1) from Central Railway for the design, supply, erection, testing, and commissioning of the 132/55 KV Traction Substation, Sectioning Post (SPs), and Subsectioning Post (SSPs) in the 2 x 25 KV Traction System (Scott Connected Transformer) of Bhusaval—Khandwa Sections of Central Railway to meet the 3000 MT loading target on EPC mode.
The cost of work is Rs 137.16 crore, including applicable taxes. The order is to be executed within 24 months. In the Q2FY25 earnings, revenue showed a marginal decline at Rs 4869.2 crore. For the quarter ended September 2024, as compared to the corresponding quarter of last year. The net profit of the company stood at Rs 302.5 crore from Rs 370 crore, a decline of -18.26% YoY. Operating Profit reported also reported a decline to Rs 552.5 crore from Rs 593.5 crore in the corresponding previous quarter.
Rail Vikas Nigam executes 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.
