3:2 Ratio: RVNL in JV with GPT Infraprojects receives order of Rs 1201,35,69,000 from Northern Railway

Rail Vikas Nigam Limited (RVNL), in a joint venture with GPT Infraprojects Limited, has secured a major domestic contract from Northern Railway valued at approximately Rs 1201,35,69,000. The project involves the design and Construction of the new Rail-cum-Road Bridge No. 11 over the River Ganga, situated 50 meters downstream of the historic Malviya Bridge near Kashi Railway Station in Varanasi. As a Navratna CPSE, RVNL holds a 60 per cent stake in the venture, while GPT Infraprojects maintains the remaining 40 per cent share, equivalent to roughly Rs 480.54 crore (ratio 3:2).

The engineering scope is extensive, featuring an Open Web Steel Girder design with eight spans of 108.5 meters and two spans of 103.3 meters. This massive structure will be built with a dual-deck configuration, supporting four railway tracks on the lower deck and a six-lane road on the upper deck. The contract encompasses the entire sub-structure and super-structure, along with railway and road approaches, Overhead Equipment (OHE) works, and general electrical installations within the Lucknow Division. The joint venture is expected to complete this critical infrastructure project within a timeline of 48 months (1,461 days) from the appointed date.

About the Company

Rail Vikas Nigam Ltd, a Navratna company, was established in 2003 by the Government of India for various rail infrastructure projects. The company has delivered good profit growth of 21 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 33.4 per cent. As of September 30, 2025, RVNL has a strong Order Book of Rs 90,000 crore, focusing on railway, metro and overseas projects.

According to Quarterly Results, the net sales increased by 6 per cent to Rs 5,123 crore and net profit declined by 20 per cent to Rs 231 crore in Q2FY26 compared to Q2FY25. In its annual results, the net sales decreased by 9 per cent to Rs 19,923 crore and net profit increased by 19 per cent to Rs 1,282 crore in FY25 compared to FY24. The company has a market cap of over Rs 70,000 crore and the shares of the company have an ROE of 14 per cent and an ROCE of 15 per cent.

As of September 2025, the President of India owns a 72.84 per cent stake and Life Insurance Corporation of India owns a 6.12 per cent stake. The stock gave multibagger returns of 340 per cent in just 3 years and a whopping 965 per cent in 5 years.

Trending News | Best Share Market News | Latest Indian Share Market News Today Dalal Street Journal provides latest Indian share market news and analysis. Daily Indian best share market news and analysis to help you stock market investment.

Disclaimer: The article is for informational purposes only and not investment advice.