₹97,000 crore Order Book: Rail Vikas Nigam Ltd Secures ₹178.65 Crore Contract from IRCON International Ltd

RVNL stock trades at ₹418.40, down 3.04%, after emerging as L1 bidder for a ₹178.64 crore rail project from IRCON. The company’s order book stands at ₹97,000 crore, including major railway and bidding contracts.

Shares of Rail Vikas Nigam Ltd (RVNL) are in focus today, as the public sector enterprise under the Ministry of Railways has emerged as the Lowest Bidder (L1) for a ₹178.65 crore railway infrastructure project from IRCON International Ltd.

As of 10:56 AM IST on May 20, 2025, RVNL is trading on the National Stock Exchange (NSE) at ₹418.40, marking a decrease of 2.8% from its previous close. The stock's intraday performance shows a high of ₹447.80 and a low of ₹415.10. The market capitalisation of Rail Vikas Nigam Ltd stands at ₹87,570 crore. In terms of returns, RVNL has delivered a 1-week return of 16.44% and a 1-year return of 39.08%.

Order Details 

Rail Vikas Nigam Ltd has announced that it has emerged as the Lowest Bidder (L1) from IRCON International Ltd for a significant railway infrastructure project.

The project includes:

• Supply of various signalling, telecommunications, and EIMWB materials
• Installation, testing, and commissioning of distributed/centralised electronic interlocking (EI) systems at 10 new stations and 6 new IBSs in block sections
• Installation, testing, and commissioning of a new Section Control System with headquarters and wayside train control communication equipment/system in the Gevra Road–Pendra Road section
• Installation, testing, and commissioning of a new telephone exchange and quad cable-based public address system at 10 new stations
• Modification of the existing electronic interlocking installation at the East Cabin of the SECL SILO Siding (KMKA yard), including other miscellaneous works

The total contract value is ₹178.64 crore (₹178,64,60,939.78), inclusive of 18% GST. The execution period is 11 months, including the monsoon period, as per SCC Clause 12.0.

As per the February 19, 2025, conference call, the company’s order book stands at ₹97,000 crore, with ₹49,000 crore from bidding works and ₹47,600 crore from railway works.

About Company

Rail Vikas Nigam Ltd (RVNL) primarily operates as a government-owned entity under the Ministry of Railways, focusing on the development and implementation of rail infrastructure projects across India. Its business model encompasses project development, consultancy services, and the execution of various railway infrastructure works, including the construction of new railway lines, doubling and gauge conversion of existing lines, railway electrification, the building of major bridges, workshops, and production units, as well as station redevelopment and suburban rail systems. RVNL is also involved in mobilising extra-budgetary resources for railway projects through special-purpose vehicles and public-private partnerships.

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