RVNL shares rise 4% after winning Rs 242-crore order from South Central Railway

Rail Vikas Nigam

Rail Vikas Nigam (RVNL) share price rose more than 4 percent intraday on January 28 after the company emerged as the preferred bidder for a South Central Railway contract.

At 13:11am, Rail Vikas Nigam was quoting at Rs 338.10, up Rs 14.20, or 4.38 percent, on the BSE.

Rail Vikas Nigam said it has 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 project covers the Ongole (OGL) (inclusive)–Gudur (GDR) (inclusive) section of the Vijayawada Division under South Central Railway, spanning a total length of 154 route kilometres (RKM) or 462 track kilometres (TKM), the company said in an exchange filing.

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

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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.

In the previous trading session, the share closed at Rs 325.35, down Rs 3.85, or 1.17 percent. The share touched a 52-week high of Rs 501.55 and a 52-week low of Rs 295.25 on 01 February, 2025 and 07 April, 2025, respectively. Currently, the stock is trading 35.42 percent below its 52-week high and 9.7 percent above its 52-week low. Market capitalisation of the company stands at Rs 67,836.13 crore.