RVNL Share Price in Focus; Emerges as Lowest Bidder for ₹201.23 Crore East Coast Railway Project

Rail Vikas Nigam Limited (RVNL) has been declared the lowest bidder for a project awarded by East Coast Railway, according to a filing made with the stock exchanges.  

The contract relates to the setting up of a wagon Periodical Overhaul (POH) workshop at Kantabanji in Odisha and has been awarded through a works tender process. 

Nature of the Project 

The project involves the construction of a wagon POH workshop with a capacity to handle 200 wagons. Such facilities are used for scheduled maintenance and overhaul of railway wagons and form part of routine rail infrastructure.  

East Coast Railway has awarded the order as a domestic contract, with RVNL selected as the sole bidder. 

Project Cost 

The total value of the project, excluding goods and services tax, is ₹201.23 crore (₹201,23,47,556.55). The cost covers civil works, workshop infrastructure, and associated facilities required to make the unit operational.  

RVNL stated that the project has been awarded in the normal course of its business operations. 

Timeline for Completion 

As per the terms of the contract, the project is scheduled to be completed within 18 months. The timeline includes construction and installation work needed to bring the workshop into use. No phased commissioning details were disclosed in the filing. 

RVNL has confirmed that neither its promoters nor promoter group entities have any interest in East Coast Railway.  

The company also stated that the order does not fall under related party transactions and has been awarded on an arm’s length basis, in line with regulatory requirements. 

RVNL Share Price Performance  

As of December 30, 2025, 9:55 am, Rail Vikas Nigam (RVNL) share price was trading at ₹366.80, a 0.22% decrease from the previous closing price. 

Read More: Railway PSU Stocks Jump Up to 26% in 5 Sessions: Here’s What’s Fueling the Surge! 

Conclusion 

The ₹201.23 crore contract for the Kantabanji wagon POH workshop adds to RVNL’s existing railway project portfolio. The work is to be completed within 18 months and has been awarded by East Coast Railway as part of its infrastructure development programme. 

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