RVNL share price rise after JV bags Northern Railway project

Rail Vikas Nigam share price

Rail Vikas Nigam (RVNL) shares rose nearly 2 percent in the early trade on January 29 after the company’s joint venture emerged as the lowest bidder (L1) for a project awarded by Northern Railway.

At 09:19am, Rail Vikas Nigam was quoting at Rs 348.35, up Rs 5.90, or 1.72 percent, on the BSE.

The RVNL–GPT joint venture has been declared L1 for the design and construction of a new rail-cum-road bridge, along with associated overhead electrification (OHE) and general electrical works, in the Lucknow division of Northern Railway at Varanasi, Uttar Pradesh, the company said in a press release.

The project is valued at Rs 1,201.36 crore, with RVNL holding a 60 percent stake and GPT Infraprojects owning the remaining 40 percent. The project is scheduled to be completed within 48 months.

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On January 27, Rail Vikas Nigam emerged as the lowest bidder (L1) for a South Central Railway project involving the design, supply, erection, testing and commissioning for upgradation of the existing 1×25kV OHE system to a 2×25kV system, including feeder and earthing works.

The cost of the work is Rs 242.49 crore, and the project is to be executed over a period of 24 months.

A meeting of the board of directors of the company is scheduled to be held on Thursday, February 5, 2026, to consider and approve the unaudited financial results (Standalone and Consolidated) of the company for the quarter and nine months ended 31st December, 2025.

Earlier in this month, the company emerged as the lowest bidder for a project of Rs 87.55 crore from South Eastern Railway for supply, installation and commissioning of IP based video surveillance system (VSS) in LHB coaches with 4 cameras as per RDSO Specification, Version 3.1 or latest including Rugged Hand Held Terminal (HHT)/ Tablet along with 8 TB external SSD.