Rail Vikas Nigam Ltd

Rail Vikas Nigam emerged as the Lowest Bidder (L1) from Southern Railway for 'Upgradation work of electric traction system from 1x25 kv to 2x25 kv traction system for Salem Jn. (SA)-Podanur Jn. (PTJ) & Irugur (IGU)-Coimbatore Jn. (CBE) Podanur Jn. (PTJ) section of Salem division of Southern Railway to meet 3000 MT loading target.' The cost of work is Rs 143.37 crore. Powered by Capital Market - Live

The headline equity benchmarks traded with significant gains in mid-afternoon trade after the U.S. announced a 90-day suspension of an additional 26% tariff on India, lifting investor sentiment despite global trade uncertainties. The Nifty traded above the 22,750 mark. Oil & gas shares jumped after declining in the past trading session. At 14:28 IST, the barometer index, the S&P BSE Sensex, soared 1,090.76 points or 1.48% to 74,937.91. The Nifty 50 index surged 369.30 points or 1.65% to 22,768.45. In the broader market, the S&P BSE Mid-Cap index rallied 1.61% and the S&P BSE Small-Cap index surged 2.78%. The market breadth was strong. On the BSE, 3,053 shares rose and 829 shares fell. A total of 146 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 6.12% to 20.12. Buzzing Index: The Nifty Oil & Gas index jumped 1.92% to 10,233.60. The index shed 0.27% in the past trading session. Gujarat State Petronet (up 5.08%), Oil & Natural Gas Corpn (up 3.87%), Gujarat Gas (up 3.65%), Oil India (up 2.8%), Reliance Industries (up 2.75%), Mahanagar Gas (up 2.34%), Adani Total Gas (up 2.18%), GAIL (India) (up 2.07%), Bharat Petroleum Corporation (up 1.93%) and Castrol India (up 1.12%) advanced. On the other hand, Aegis Logistics (down 1.18%), Petronet LNG (down 0.66%) and Indraprastha Gas (down 0.35%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper was jumped 1.52% to 6.538 as compared with previous close 6.440. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.1100, compared with its close of 86.6800 during the previous trading session. MCX Gold futures for 5 June 2025 settlement gained 1.65% to Rs 93,535. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 1.56% to 93,440. The United States 10-year bond yield grew 0.68% to 4.442. In the commodities market, Brent crude for June 2025 settlement lost 21 cents or 0.33% to $63.12 a barrel. Stocks in Spotlight: Rail Vikas Nigam (RVNL) advanced 2.18% after the company emerged as the lowest bidder (L1) for a Rs 143.37 crore Southern Railway project to upgrade the electric traction system in the Salem division from 1x25 kV to 2x25 kV. Sky Gold and Diamonds hit an upper circuit of 5% after the company secured a recurring export order of 200 kg per month from a reputed jewellery industry client. Torrent Power added 1.51% after the company announced that its wholly owned subsidiary, Torrent Green (TGEPL) has incorporated a new subsidiary named Torrent Urja Projects (TUPPL) in Ahmedabad, Gujarat. Powered by Capital Market - Live

The contract includes the upgradation of the electric traction system from 1x25 kV to 2x25 kV for the Salem Junction (SA)'Podanur Junction (PTJ) and Irugur (IGU)'Coimbatore Junction (CBE)'Podanur Junction (PTJ) sections in the Salem division of Southern Railway. The enhancement aims to meet the 3,000 MT freight loading target. The total project cost is Rs 143.37 crore, with an expected completion timeline of 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 reported a 13.14% decline in consolidated net profit to Rs 311.44 crore in Q3 FY25 as against Rs 358.57 crore posted in Q3 FY24. Revenue from operations fell by 2.60% YoY to Rs 4,567.38 crore in the quarter ended 31 December 2024.Powered by Capital Market - Live

The project involves OHE work for the upgradation of the existing 1x25 KV Electric Traction System to a 2x25 KV AT Feeding System on the Itarsi-Amla Section in the Nagpur Division of Central Railway, aimed at meeting the 3,000 MT loading target. The total cost of the project is Rs 115.79 crore, with an expected completion timeline of 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 reported a 13.14% decline in consolidated net profit to Rs 311.44 crore in Q3 FY25 as against Rs 358.57 crore posted in Q3 FY24. Revenue from operations fell by 2.60% YoY to Rs 4,567.38 crore in the quarter ended 31 December 2024.Powered by Capital Market - Live

The key equity benchmarks traded with substantial gains in early-afternoon trade. The Nifty traded above the 23,350 mark. Auto shares rallied for fifth consecutive trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 644.02 points or 0.85% to 76,992.06. The Nifty 50 index rallied 184.30 points or 0.79% to 23,374.95. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 1.09% and the S&P BSE Small-Cap index jumped 1.61%. The market breadth was strong. On the BSE, 2,809 shares rose and 1,055 shares fell. A total of 150 shares were unchanged. Buzzing Index: The Nifty Auto index rose 1.32% to 21,909.15. The index jumped 6.59% in the five consecutive trading sessions. TVS Motor Company (up 3.39%), Ashok Leyland (up 2.2%), Hero MotoCorp (up 2.09%), Mahindra & Mahindra (up 1.77%) and Bajaj Auto (up 1.64%), Samvardhana Motherson International (up 1.59%), Maruti Suzuki India (up 1.45%), Exide Industries (up 1.45%), Eicher Motors (up 1.32%) and Tata Motors (up 1.01%) surged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.65% to 13.50. The Nifty 27 March 2025 futures were trading at 23,382.55 , at a premium of 7.6 points as compared with the spot at 23,374.95. The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 117.5 lakh contracts at the 24,000 strike price. Maximum put OI of 157.2 lakh contracts was seen at 23,000 strike price. Stocks in Spotlight: Rail Vikas Nigam added 1.61% after the company announced that it has received letter of acceptance (LoA) from National Highway Authority of India for a project worth Rs 554.64 crore. Tamilnad Mercantile Bank added 1.22% after the bank announced appointment of Sanjoy Kumar Goel as chief financial officer (CFO), effective from 20 March 2025, on a contractual basis.Powered by Capital Market - Live

The contract is for the construction of a six-lane access-controlled connectivity road to Visakhapatnam Port. This road will span from Sabbavaram bypass of the Anakapalli-Anandapuram corridor to Sheelanagar junction of NH 516C in Andhra Pradesh, under the hybrid annuity mode. The project is to be completed within a period of 730 days. 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 reported 13.14% decline in consolidated net profit to Rs 311.44 crore in Q3 FY25 as against Rs 358.57 crore posted in Q3 FY24. Revenue from operations fell by 2.60% YoY to Rs 4,567.38 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Rail Vikas Nigam has received Letter of Acceptance from National Highway Authority of India for 'Construction of 6 lane Access Controlled connectivity to Visakhapatnam Port Road from Km 0.000 (Sabbavaram bypass of Anakapalli - Anandapuram corridor) to Km 12.660 (Sheelanagar junction) of NH 516C on Hybrid Annuity Mode in the State of Andhra Pradesh under NH (O) on Hybrid Annuity Mode..' The project cost is Rs 554.64 crore. Powered by Capital Market - Live

The project involves the construction of a six-lane, access-controlled connection to Visakhapatnam Port Road, extending from the Sabbavaram bypass of the Anakapalli-Anandapuram corridor to Km 12.660 (Sheelanagar junction) of NH 516C. The work will be carried out on a hybrid annuity mode in the state of Andhra Pradesh under NH (O) scheme. The project cost is Rs 554.64 crore, and it is expected to be completed within 730 days. 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 reported 13.14% decline in consolidated net profit to Rs 311.44 crore in Q3 FY25 as against Rs 358.57 crore posted in Q3 FY24. Revenue from operations fell by 2.60% YoY to Rs 4,567.38 crore in the quarter ended 31 December 2024.Powered by Capital Market - Live

Rail Vikas Nigam (RVNL) has signed MoU with Abhinava Strategic Partners (ASP) to provide advisory services to RVNL related to the projects in the field of Railways, MRTS, Tunnels, Roads (Highways & Expressways), Bridges, Building Works, Airports, Ports, Irrigation, Power Transmission and Distribution sector, Solar sector, Wind sector, Hydro Power Sector etc. as and when opportunities arise in Saudi Arabia & Middle East Region. Powered by Capital Market - Live

The project involves the design, supply, erection, testing, and commissioning of a 2X25 KV overhead electrification (OHE) and 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 and is expected to be completed within 18 months. Rail Vikas Nigam is engaged in executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, and institutional buildings. The company reported 13.14% decline in consolidated net profit to Rs 311.44 crore in Q3 FY25 as against Rs 358.57 crore posted in Q3 FY24. Revenue from operations fell by 2.60% YoY to Rs 4,567.38 crore in the quarter ended 31 December 2024.Powered by Capital Market - Live