RVNL Share Price Surges; Secures ₹903 Crore Order from SJVN Thermal

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from SJVN Thermal Private Limited for a railway infrastructure project linked to the 1,320 MW Buxar Thermal Power Project in Bihar. The company disclosed the order on September 4, 2026.  

SJVN Thermal Private Limited is a wholly owned subsidiary of SJVN Limited. The contract has been awarded by a domestic entity and relates to Phase-III of the Buxar Thermal Power Project.  

Scope of the Contract 

Under the contract, RVNL will construct a permanent siding along with an aerial connection via track from the plant boundary to Chausa and Pawani Kamarpur at Buxar. 

The work is part of the railway infrastructure requirements for the thermal power project. RVNL has classified the contract as being in the normal course of its business.  

The company’s disclosure states that the contract will be executed over 36 months. The terms and conditions of the order are based on general contract conditions.  

Contract Value 

The order is valued at ₹903,00,68,492, including GST. This translates to approximately ₹903 crore. The amount disclosed by RVNL includes the applicable GST component.  

The filing also states that the promoter, promoter group and group companies of RVNL have no interest in the entity that awarded the contract. It further specifies that the order does not fall under related party transactions.  

Project Timeline 

RVNL is required to complete the contract within 36 months. The project covers the construction of the permanent siding and associated track connection at Buxar in Bihar for SJVN Thermal’s 1,320 MW power project.  

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Rail Vikas Nigam Limited (RVNL) Share Price Performance  

As of September 7, 2026, 10:40 am, Rail Vikas Nigam Ltd (RVNL) share price was trading at ₹213.99, up 1.50% from the previous closing price. 

Conclusion 

RVNL has received a ₹903 crore domestic order from SJVN Thermal for railway infrastructure work at the Buxar Thermal Power Project in Bihar. The contract has an execution period of 36 months. 

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