Rail Vikas Nigam shares jump 2% as company selected as lowest bidder for Rs 116 crore Central Railway project

Rail Vikas Nigam Limited (RVNL) shares rose over 2% to ₹379 on March 25 after the company announced it has been selected as the Lowest Bidder (L1) for a key Central Railway electrification project valued at ₹116 crore.

In a regulatory filing, the railway PSU informed the exchanges that it emerged as the L1 bidder for “OHE modification work for upgradation of the existing 1×25 KV electric traction system to 2×25 KV feeding system” in the Itarsi-Amla section under Nagpur division. This infrastructure enhancement is aimed at supporting the railway’s target of achieving 3000 MT freight loading capacity.

The project falls under Central Railway’s electrification and capacity augmentation plans, which are a critical part of Indian Railways’ broader modernization and energy efficiency goals.

This contract win is expected to strengthen RVNL’s execution portfolio and reaffirm its position as a major player in the rail infrastructure segment. The company has been actively securing projects in both domestic and overseas markets, contributing to its robust order book.

The stock remained among the most active on the NSE during the session, reflecting strong investor interest following the announcement.

Rail Vikas Nigam Share Price history