RVNL Share Price in Focus on Securing ₹201.23 Crore Wagon Workshop Order from East Coast Railway

Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LoA) from East Coast Railway for a new railway infrastructure project.  

The company informed stock exchanges on January 8, 2026. The order relates to the setting up of a Wagon Periodic Overhauling (POH) workshop at Kantabanji in Odisha. 

Nature of the Work 

The project involves establishing a Wagon POH workshop with a handling capacity of 200 wagons. Such facilities are used for scheduled inspection, repair, and maintenance of freight wagons.  

The workshop will support maintenance activities under the East Coast Railway zone and is intended for use within the domestic railway network. 

Project Cost 

The total project cost has been fixed at ₹201.23 crore (₹201,23,47,556.55), excluding goods and services tax (GST). RVNL has been awarded the contract as the sole bidder.  

The order has been classified as a domestic contract awarded by a domestic entity through a works tender process. No additional financial conditions or performance-linked terms were outlined in the disclosure. 

Execution Timeline 

According to the regulatory filing, the project is scheduled to be completed within 18 months. The execution period will commence as per the timelines mentioned in the LoA. 

RVNL has stated that the project falls within the normal course of its business operations and does not represent a deviation from its usual scope of work. 

Compliance and Disclosures 

The company has confirmed that neither its promoters nor promoter group entities have any interest in East Coast Railway. It has also clarified that the contract does not qualify as a related-party transaction.  

RVNL Share Price Performance  

As of January 9, 2026, 9:57 am, Rail Vikas Nigam Ltd (RVNL) share price was trading at ₹343.75, a 0.35% increase from the previous closing price. 

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

Conclusion 

The LoA adds a ₹201.23 crore order to RVNL’s project pipeline. The assignment covers the development of a wagon maintenance facility with a defined capacity and completion period. The company has stated that all required regulatory disclosures have been made in connection with the order. 

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