Rail Vikas Nigam Limited Share Price in Focus; Receives LOA Worth Over ₹242 Crore from South Central Railway

Rail Vikas Nigam Limited (RVNL) has announced the receipt of a Letter of Acceptance (LOA) from South Central Railway.  

This development pertains to a significant project involving the upgradation of the Overhead Equipment (OHE) system in Andhra Pradesh. 

Details of the OHE Upgradation Project 

The project involves the design, supply, erection, testing, and commissioning for the upgradation of the existing 1X25kV system to a 2X25kV AT Feeding System.  

This includes feeder and earthing works in the Ongole (OGL) to Gudur (GDR) section, covering a total of 154 RKM/462 TKM. 

The contract, awarded by the South Central Railway, is valued at ₹242,49,86,547.22, inclusive of applicable taxes. The project is expected to be completed within a 24-month timeframe. 

Contractual and Financial Aspects 

The contract is a domestic one, and it falls under the general contract conditions of the South Central Railway. There is no involvement of the promoter group or related party transactions in this contract. 

Read More: Texmaco Rail Secures ₹22.91 Crore Railway Signalling Contract from North Central Railway! 

Execution Timeline and Financial Details 

The project is scheduled for completion within 24 months from the date of commencement. The financial consideration for this project stands at ₹242,49,86,547.22, reflecting the scale and complexity of the work involved. 

Rail Vikas Nigam Share Price Performance 

As of April 02, 2026, at 3:30 PM, Rail Vikas Nigam share price on NSE was closed at ₹260.66 down by 0.74% from the previous closing price. 

Conclusion 

Rail Vikas Nigam Limited's acquisition of the LOA from South Central Railway marks a significant step in its ongoing business operations. The project, valued at over ₹242 crore, underscores RVNL's role in enhancing railway infrastructure in Andhra Pradesh. 

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