Rail Vikas Nigam Limited (RVNL) shares surged by more than 5% today, trading at ₹432.45 as of late morning. The rally follows a string of recent announcements that have strengthened the company’s project portfolio and market confidence.
Earlier, the company disclosed its emergence as the lowest bidder (L1) for a Central Railway project worth ₹137.17 crore. The contract involves the design, supply, erection, testing, and commissioning of a 132/55 KV traction substation and related infrastructure in the Bhusaval-Khandwa section. This project, to be executed on an EPC mode, focuses on enhancing the traction system to meet a loading target of 3,000 MT. The work is expected to be completed within two years.
Additionally, RVNL has emerged as the lowest bidder for a significant East Coast Railway project. The ₹404 crore contract includes the construction of 27 major bridges, earthwork, and protection structures as part of the Koraput-Singapur Road Doubling Project. The contract is expected to be executed over a period of 30 months.
These developments have bolstered investor sentiment, pushing the stock to its current levels. RVNL’s ability to consistently secure key infrastructure projects highlights its strong operational capabilities and strategic positioning in the rail and infrastructure sectors.
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