(20 second reading) State-run Rail Vikas Nigam Ltd said it has clinched a contract from Southern Railway for Rs.239 crore, for Provision of Automatic Block Signaling system in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway.
The ABS system controls and manages train movements automatically using stop signals that are operated by trains passing the signals. It is designed to allow trains travelling in the same direction to follow each other safely without the risk of rear-end collisions.
RVNL reported a 6.2% year YoY decline in net profit at Rs.358.6 crore for the third quarter that ended December 31, 2023.