Latest news with #RVNL
India Today
2 days ago
- Business
- India Today
Railway tracks to turbines: How RVNL's pivot signals India's green infra shift
Battery packs the size of small warehouses and run-of-the-river hydro plants chiselled into Himalayan valleys are not the first pictures that come to mind when one thinks of Rail Vikas Nigam Limited (RVNL). Yet the public sector engineering firm, which has spent decades laying India's steel arteries, building bridges and metro rails, now wants to generate—or at least secure—the clean power that will run trains over those same lines. The ambition is grand but hardly unrealisable. And not a day too Railways must decarbonise at speed, and RVNL believes its civil works expertise can be redeployed to build reservoirs, solar parks and battery farms that steady the grid long after are exploring opportunities to install solar power with battery storage because Indian Railways' goal is to become net zero by 2030, and traction power requirement is itself around 10,000 MW,' says M.P. Singh, director (operations), RVNL.'Solar power with battery storage for assured power supply Indian Railways has also indicated that they want Its goal is to become net zero by 2030, and traction power requirement is itself around 10,000 MW,' says M.P. Singh, director (operations), RVNL. The publicly listed PSU (public sector undertaking), thanks to its size and reach—a market capitalisation of around Rs 78,000 crore and net worth of around Rs 7,000 crore—is often a bellwether of the trend of infrastructure spend in clean power ambition colours practically every conversation at RVNL today. Nearly the entire broad-gauge system now runs on electric traction, yet the network lacks a reliable 24-hour source of green power. Singh argues that hybrid renewables, paired with Battery Energy Storage Systems (BESS), can bridge that gap and provide RVNL with a predictable new revenue company's plan leans on ground it already knows. In hill states such as Uttarakhand and Himachal Pradesh, RVNL wants to develop small hydro schemes, drawing on the tunnelling skills honed on the Rishikesh-Karnaprayag railway line.'Our aim is to have a concrete execution methodology so that there are no unforeseen situations and no mishaps,' says Singh, pointing to the 14-km-long Himalayan tunnels his teams bored without incident. Small hydro supplies steady base-load power and dovetails neatly with solar-rich afternoons and gusty nights along the western over cost and policy remain. Battery prices while falling are still high and the regulations that will reward storage for grid support are in a flux. Private utilities, with deeper balance sheets, have already snapped up much of India's solar-plus battery counters that its anchor customer, the railways, is both huge and credit worthy, thus limiting market risk. 'It's a new sector We want to have a good presence in the [renewable] power sector,' says Singh, noting that the first projects could be captive and insulated from tariff disputes with state RVNL is cutting its teeth through joint ventures. A 320 MW solar station in Uzbekistan and a 400 MW plant in Saudi Arabia are nearing completion—partnerships that supply expertise the company admits it lacks. Closer home, it bids to build turbine foundations and evacuation lines for wind farms, work squarely in its comfort zone even if another firm erects the most eye-catching idea in Singh's portfolio involves nuclear power. 'We are trying to tie up with the Russian company Rosatom. Russians are experts in this. So we are entering into some kind of MoU with them,' he compact 55-60 MW units, he notes, 'take not more than 24 acres of land', small enough to fit on surplus railway plots and spare RVNL the cost and headache of long transmission lines. Whether India's nuclear regulator and local communities will embrace the concept is an open various climate goals would require more and more players who identify opportunities in clean energy and facilitate the shift from coal to clean power sources at industrial levels—for profit. Financially, the pivot is already rail contracts still account for just under half of an order book, worth roughly Rs 1 lakh crore, yet the turnover from competitively bid non-rail projects has risen sharply and could form a majority within three years. Diversification may cushion RVNL against the vagaries of public-works spending, but it will also test its ability to manage projects that carry merchant risk instead of cost-plus the behemoth RVNL can marry construction prowess to power-sector finesse, its future balance sheets may be tallied not only in kilometres of track but megawatts delivered and megawatt-hours to India Today Magazine- Ends
Business Upturn
3 days ago
- Business
- Business Upturn
Rail Vikas Nigam signs MoU to expand presence in Oman
Rail Vikas Nigam Limited (RVNL) has entered into a Memorandum of Understanding (MoU) with Mr. Ashraf Gulam Mohmed Theba in the Sultanate of Oman. This MoU aims to strengthen RVNL's global footprint by focusing on business development, market research, and company representation in Oman. The MoU marks a step towards deeper collaboration and paves the way for new opportunities in the Middle East region, as RVNL explores potential projects and partnerships beyond India. In the meantime, on July 14, the company won a key contract from Delhi Metro Rail Corporation (DMRC) under the Delhi MRTS Phase-IV project. The ₹447.42 crore deal (inclusive of 18% GST) covers part design and construction of a 7.3-km viaduct stretching from Chainage 1202.782 M to 8501.25 M. The scope includes building platforms at seven metro stations—Pushp Vihar, Saket District Court, Pushpa Bhawan, Chirag Delhi, GK-1, Andrews Ganj, and Lajpat Nagar—along with pre-engineered structures. Completion is expected in 36 months. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
3 days ago
- Business
- Mint
Stocks to trade today: Trade Brains Portal recommends two stocks for 22 July
Strong gains in banking heavyweights such as HDFC Bank and ICICI Bank helped Indian market benchmarks rebound on Monday, 21 July, snapping a two-day losing streak amid mixed global cues. The Sensex climbed 443 points, or 0.54%, to close at 82,200.34, while the Nifty 50 rose 122 points, or 0.49%, to settle at 25,090.70. The BSE Midcap index advanced 0.55%, broadly in line with the benchmarks, while the BSE Smallcap index ended flat. Against this backdrop, Trade Brains Portal has picked two stocks—one from the railway sector and another from the FMCG sector. Stocks to trade today, recommended by Trade Brains Portal for 21 July: Current price: ₹378.60 Target price: ₹480 in 16 - 24 Months Stop-loss: ₹325 Why it is recommended: RVNL was founded in 2003 to revolutionize the railway landscape in India with a focus on project implementation and the development of transportation infrastructure, such as railway lines, electrification, bridges, and more. The Department of Public Sector Enterprises (PSE) had awarded the company the title of Navratna, which denotes a large, profitable, and strategically significant PSU. To carry out projects in their respective regions, RVNL has 30 project implementation units spread across 25 locations in India. Additionally, two project units have been formed outside of India: one in Dubai and one in the Maldives. In FY25, the company's revenue was ₹19,923 crore, down 8.9% on year from ₹21,878.5 crore. Net profit fell 17.3%, from ₹1,550.87 crore to ₹1,281.5 crore. This decline was due to a delay in funding by the Ministry of Railways. They anticipate higher margins in FY26, and the turnover would be the same as the FY25 projection of ₹21,000 crore. As the company expands into new areas, such as metro maintenance, small-scale manufacturing, and international projects, the margins are expected to improve. The company is actively diversifying into long-term revenue visibility outside of the fiercely competitive EPC market. Utilizing the increasing number of metro projects around India, key priority areas are railway infrastructure and metro system operation and maintenance (O&M). Furthermore, the company has one of the key joint ventures in the development of Vande Bharat, which will begin production in June FY26, and the company anticipates positive cash inflows starting the following year. On the order book part, the company anticipates that Bharat Net orders will rise from the present order of ₹14,000 crore to ₹17,000 to ₹18,000 crore in FY26, a 20% to 25% increase. The company currently has a ₹1 lakh crore order book, of which ₹45,000 crore comes from Indian Railways and around ₹55,000 crore comes from projects that were put out to bid. Risk factors: Since RVNL is not designated as a Zonal Railway, it does not have the authority to approve plans, drawings, and other materials. As a result, delays in obtaining approval from Zonal Railways for plans, traffic blockages, etc., could affect RVNL's project development. Additionally, delays may occur due to modifications made to the Railways' approved plans during project execution. Current price: ₹ 489 Target price: ₹ 630 in 12 Months Stop-loss: ₹ 406 Why it's recommended: VBL's revenue from operations grew by 28.9% YoY to ₹5,566.9 crore in Q1 CY2025 from ₹4,317.3 crore in Q1 CY2024. Their sales volume also increased by 30.1% to reach 312.4 million cases, driven by strong organic volume growth of 15.5% in India and inorganic volume contributions from South Africa and the Democratic Republic of Congo. VBL's EBITDA increased by 27.8% in Q1 CY 2025 to Rs. 1,263.96 crore. PAT increased by 33.5% to Rs. 731.4 crore in Q1 CY2025, driven by robust volume growth and lower finance costs. (Note: The company follows a January-December calendar year format.). The company has commissioned new production facilities at Kangra (Himachal Pradesh) and Prayagraj (Uttar Pradesh) and also set up backward integration facilities at the Prayagraj plant, as well as at the DRC plant in the international region. Acquired BevCo along with its wholly owned subsidiaries and SBC Beverages Ghana Limited (SBCG) in West Africa. VBL has recently entered into binding agreements to acquire a 100% stake in Tanzania and Ghana, further enhancing its African market presence. The company has also secured exclusive snacks franchising rights for PepsiCo's brands in Morocco, Zimbabwe, and Zambia, set to commence by October 2025. VBL successfully raised ₹7,500 crore through a Qualified Institutional Placement (QIP) for strategic acquisitions and expansions. Currently, the company's net debt stands at ₹6,000 crore, with plans to utilize the proceeds for debt reduction for is adding about 10-12% additional outlets (400,000-500,000 outlets) every year, bolstering its growth. The company owns 130+ depots, 2800+ primary distributors, and 10,000+ vehicles, and also has franchise rights in Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe. VBL is the world's second-largest PepsiCo franchisee with a market share of 72% in the carbonated segment, holding exclusive rights to manufacture and distribute PepsiCo's carbonated and non-carbonated beverages across 27 Indian states and 7 union territories. The company has 50 state-of-the-art production facilities, 38 in India & 12 international territories. Risk factors: Consistent growth in revenue and sales volumes may be affected due to fluctuations in seasonal sales that might pose a risk to the company's overall financial performance throughout the year. Further, regulations like plastic bottle bans, high sugar taxes, and FDI restrictions pose risks for Varun Beverages. Market Recap | 21 July Indian equities rebounded on Monday, led by strong gains in banking stocks after robust quarterly earnings from private sector lenders. The Nifty 50 opened at 24,999, up 31 points from Friday's close of 24,968, and steadily climbed through the day to hit an intraday high of 25,111. On the daily chart, the index traded below the 20-day EMA but held above the 50-, 100-, and 200-day EMAs. Its Relative Strength Index (RSI) stood at 47.63—well below the overbought threshold of 70. The BSE Sensex mirrored the Nifty's strength, opening at 81,918—up 160 points from the previous close of 81,758. Gains in HDFC Bank and ICICI Bank, both rising around 2.8% after posting better-than-expected earnings, helped drive market sentiment. The Bank Nifty surged 669.75 points, or 1.2%, to close at 56,952.75. Most sectoral indices ended higher. The Nifty Finance Index led the rally, closing at 26,990, up 434.75 points or 1.64%, boosted by financial names such as: ICICI Bank (+2.8%) HDFC Bank (+2.2%) ICICI Lombard General Insurance (+2.0%) The Nifty Private Bank Index also ended strong, climbing 354.45 points, or 1.3%, to 27,888. The Nifty Services Index gained 368.10 points, or 1.1%, to settle at 33,129. Among individual stocks, InfoEdge, ICICI Bank, and Eternal rose up to 4%. On the downside, the Nifty Oil & Gas Index fell 128.80 points, or 1.09%, to close at 11,643. Reliance Industries dropped 3.14%, dragging the index lower along with Gujarat State Petronet and Gujarat Gas. The decline followed the European Union's decision to lower the price cap on Russian oil and tighten sanctions on the shadow fleet transporting it. The Nifty PSU Bank Index also underperformed, shedding 41.35 points, or 0.58%, to end at 7,121.15. Asian markets were broadly positive on Monday: Hang Seng (Hong Kong): +168.48 pts (0.67%) to 24,994.14; Kospi (South Korea): +22.74 pts (0.71%) to 3,210.81; Shanghai Composite: +25.31 pts (0.71%) to 3,559.79 As of 0440pm (India time), Dow Jones Futures were up 87.9 points, or 0.2%, trading at 44,430.09 on the US exchange. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
4 days ago
- Business
- Time of India
Ircon International shares jump over 4% on bagging multiple contracts
Synopsis Ircon International's shares saw a rise following the acquisition of contracts valued at Rs 755.78 crore. A joint venture with RVNL secured a project, with Ircon's share at Rs 529.04 crore. MMRDA awarded Ircon contracts for Mumbai Metro Lines 5 and 6. The company's Q4 net profit saw a slight decline.
Time of India
4 days ago
- General
- Time of India
Raj Bhavan nod for underground 1.6 km stretch of Purple Line
1 2 3 Kolkata: Following Raj Bhavan's clearance, RVNL has completed survey of the Purple line's 1.6 km extension to Eden Gardens. The metro tracks will travel through the edge of the Governor House lawns before crossing over to the opposite flank where the corridor's fifth underground station is being planned. Rarely do agencies seek the governor's approval for surveys that are prerequisites to drawing a new Metro route. Rail Vikas Nigam Ltd (RVNL), the implementing agency of the Purple line, which is being extended 1.6 km beyond Esplanade and 1.2 km on the southern fringes to IIM-Calcutta, has now finished the topographical survey. needed to finalize the alignment of the proposed Eden Gardens metro line. "Such surveys are typically conducted to ensure the project is feasible and well-planned. They help in understanding the terrain, soil conditions, and other relevant factors crucial to determining the alignment, construction methods, and overall project cost," said an engineer. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata "The survey was done to understand the status above and under the ground in the metro path of the 1.6 km beyond Esplanade to Eden Gardens. The tunnel boring machines (TBMs) will curve past the East-West Metro (Green line) Esplanade station, cross over to Raj Bhavan's edge (covering around 250 m of the garden area) before curving across the road to the Eden Gardens station, which will come up on the site opposite Gate No 1. Based on the survey, the best (shortest) alignment will be mapped out," a Railways official said. RVNL intends to deploy the same TBMs, Durga and Divya, being used for the construction of the 1.7 km Kidderpore-Victoria Memorial section. The borers will be launched again for the second drive (950 m from Victoria Memorial to Park Street). The 640 m from Park Street to Esplanade will be built in cut-and-cover method (building tunnels inside underground trenches) since most of this stretch is free of infringement. From Esplanade, the TBMs will be launched for the third time to burrow and build the 1.6 km to Eden Gardens station. This section, too, has no overhead structures. TOI on Jan 12 had reported that " Kolkata metro plans to extend Joka-Esplanade Purple Line to Eden Gardens." By extending the Purple line to Eden Gardens, Metro Railway is looking to draw passengers from the BBD Bag area, offices on Strand Road, Babughat and Calcutta High Court. Sports enthusiasts can simply walk to the proposed Eden Gardens station to access the city's lifeline or the North-South (Blue) corridor, by availing the Esplanade interchange. The earlier plan was to link Eden Gardens to Esplanade by a long subway.
