Rs 99,262 Crore Order Book: Navratna PSU Bags Rs 221 Crore Railway Infrastructure Contract

On Tuesday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.63 per cent to 23,269.35. Amid the positive market sentiment, Rail Vikas Nigam (RVNL) share price traded at Rs 233.51, up 2.31 per cent from the previous close after the company secured a new railway infrastructure contract.

Rail Vikas Nigam Receives Rs 221.33 Crore EPC Order

Rail Vikas Nigam Limited (RVNL) informed the stock exchanges that it has received a Letter of Acceptance (LOA) from South East Central Railway for an Engineering, Procurement and Construction (EPC) contract valued at Rs 221.33 crore.

The order has been awarded by a domestic entity and has been classified as a domestic contract by the company.

Scope Includes Railway Signalling Modernisation

The contract involves the replacement of existing panel interlocking systems with electronic interlocking systems, along with associated indoor and outdoor signalling equipment.

The scope of work also includes the construction of optical fibre communication (OFC) huts, signalling and telecommunication (S&T) service buildings, electrification of the facilities and cabling works in adjoining block sections.

The project covers multiple stations and adjoining railway sections in the Bilaspur Division of South East Central Railway, including BSPR, KLPG, ABKP, MZH, HRV, PRDL, KTMA, BJRI, KJZ, MDGR, CHRM, GTK, KLTR, PLAU and KBS.

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Rail Vikas Nigam Execution Timeline

The company stated that the project is scheduled to be completed within 730 days.

RVNL also clarified that neither its promoter nor promoter group entities have any interest in the awarding authority and that the transaction does not qualify as a related-party transaction.

Latest Order Adds To Railway Infrastructure Order Book

The latest order strengthens RVNL's order book in the railway signalling and telecommunication segment.

The project is aimed at upgrading conventional railway signalling systems to electronic interlocking technology, which supports improved operational efficiency and safety across railway networks. Apart from signalling upgrades, the contract also includes associated civil, electrical and communication infrastructure works.

About Rail Vikas Nigam

Rail Vikas Nigam Ltd (RVNL) is a Schedule ‘A’ Navratna Central Public Sector Enterprise under the Ministry of Railways. The company executes railway infrastructure projects on a turnkey basis, including new railway lines, doubling, gauge conversion, electrification, bridges, workshops and metro rail projects.

As of March 31, 2025, the President of India, through the Ministry of Railways, held a 72.84 per cent stake in the company.

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