Rail Vikas Nigam Wins ₹169.48 Crore Order from West Central Railway; Share Price in Focus

Rail Vikas Nigam Limited (RVNL) has been declared the lowest bidder (L1) for a contract awarded by West Central Railway, as per a recent exchange filing. The announcement was made on September 10, 2025.

Scope of Work

The project involves the design, modification, supply, erection, testing and commissioning of a 220/132kV/2x25 kV Scott-connected traction substation. It also covers switching posts with AT and SCADA integration between the BINA and RTA sections of the Bhopal division.

The order is valued at ₹169.48 crore (₹169,48,95,146) including taxes. The work is scheduled to be completed within 540 days. The project has been planned to support a 3,000 MT loading target.

Business Clarification

RVNL clarified in its exchange filing that the contract has been awarded in the normal course of business. It does not fall under related party transactions, and there is no promoter group interest involved.

RVNL Q1FY26 Earnings Results

For the first quarter of the financial year, RVNL reported a revenue of ₹3,908 crore, down 4.1% compared with the same period last year. EBITDA dropped 71% year-on-year to ₹52 crore. The EBITDA margin narrowed to 1.4%, compared with 4.5% in the year-ago quarter. Net profit stood at ₹134 crore, a decline of 40% from ₹224 crore last year.

Read more: RVNL Share Price in Focus as DIPAM Declines Nod for Wholly Owned Subsidiary!

RVNL Share Price Performance

As of September 11, 2025, 09:58 AM, RVNL share price was trading at ₹335.50, a 0.61% increase from the previous closing price.

Conclusion

The ₹169.48 crore contract from West Central Railway adds to RVNL’s ongoing projects. The work is scheduled to be completed within 540 days.

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