Stock in Focus: Government railway company Rail Vikas Nigam Limited (RVNL) on Thursday, November 6 said that it has emerged as the lowest bidder in a contract worth more than ₹272 crore received from Central Railways.
This order is for works related to traction system in Daund-Solapur section. This includes design, supply, testing and commissioning of Traction Substation, Sectioning Post (SP) and Sub-sectioning Post (SSP).
The project will be completed in 24 months
The project is designed to meet the target of 3,000 MT loading capacity and will be completed within 24 months in EPC (Engineering, Procurement and Construction) mode.
RVNL also told the exchange that the company’s promoters have no interest in Central Railways and the order is not a related party transaction.
Big orders were received in October also
Earlier in October also, RVNL had received three big orders, which included an infrastructure project worth ₹165.5 crore from North Eastern Railway.
Status of RVNL shares
Shares of RVNL closed 2.55% lower at Rs 317.50 on NSE on Thursday. The stock is down 8.40% in 1 month. At the same time, the stock has fallen 32.40% in 1 year. This year i.e. in 2025 also RVNL has given a negative return of 25.84%.
What is the business of RVNL?
Rail Vikas Nigam Ltd (RVNL) is a government company of Indian Railways, which works to build and upgrade railway infrastructure across the country. It handles big projects like laying new railway lines, doubling of old lines, electrification, bridges, signalling, station redevelopment and metro.
The company does most of the work on contracts received from the Railways and the government and is considered the main agency for rapidly expanding the rail network in the country.
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