RVNL Jumps Over 6% in the Last 3 Days After Winning ₹968 Crore Rail Contract

Rail Vikas Nigam share price (NSE: RVNL) jumped more than 6% after the company announced a new railway contract worth about ₹968 crore. The stock has gained over 6% in the past 3 trading sessions, showing strong investor interest.

RVNL Share Price Movement

• The stock touched an intraday high of ₹311.85 on the National Stock Exchange of India.
• Later, it traded around ₹303, still up over 3% during the day.
• Despite the recent rally, the stock remains around 30% below its 52-week high of ₹447.8.
• The company’s market capitalisation stands near ₹63,138 crore.

Details of the ₹968 Crore Railway Project

RVNL has emerged as the lowest bidder for an EPC (Engineering, Procurement and Construction) contract from East Coast Railway.

Project scope

The project includes building the 3rd and 4th railway lines on the Bhadrak–Vizianagaram route.

• Nergundi–Barang section: 22 km
• Khurda Road–Vizianagaram section: 363 km
• Total length: 385 km
• Completion timeline: 3 years

Major bridge construction

The project also involves building key bridges over major rivers, including:

• Birupa River
• Mahanadi River
• Kathjori River
• Kuakhai River

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Earlier Order From South Central Railway

Earlier, RVNL also won a ₹242 crore contract from South Central Railway.
This project involves upgrading overhead railway electrification systems from 1×25 kV to 2×25 kV in the Ongole–Gudur section and is expected to be completed in 24 months.

Conclusion

Strong order wins continue to support RVNL’s growth outlook and investor confidence. With a steady pipeline of railway infrastructure projects, the company remains in focus as India pushes for faster rail expansion and modernisation.

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