Rail Vikas Nigam Ltd (RVNL) shares are likely to remain in the spotlight on October 28 after the company announced that it has emerged as the lowest bidder for a major North Eastern Railway project.
The contract involves the construction of a bridge substructure with a double D-type well foundation for a double line designed for RDSO 25T axle loading standards. The bridge will span the river Gandak between Paniyahwa and Valmikinagar stations, as part of the doubling work between Gorakhpur Cantt and Valmikinagar. The project, valued at ₹165.54 crore, is expected to be completed within 24 months, according to the company’s exchange filing.
This development follows another recent order win, where RVNL was declared the lowest bidder in a reverse auction by South Central Railway. The project covers the design, supply, erection, testing, and commissioning for the OHE upgradation from 1x25kV to 2x25kV AT feeding system with feeder and earthing works in the Ramgundam–Kazipet section of the Secunderabad Division. The total value of that project is ₹144.44 crore.
Earlier in October, RVNL also secured a ₹40.41 crore contract from Western Railway for strengthening S&T maintenance activities by deploying round-the-clock manpower for the upkeep of signaling and telecom equipment in the Ahmedabad Division for two years.
On the previous trading day, RVNL shares closed at ₹330.05, up ₹0.55 (0.17%). The stock has touched a 52-week high of ₹501.55 (on February 1, 2025) and a 52-week low of ₹295.25 (on April 7, 2025). It currently trades 34.19% below its 52-week high and 11.79% above its 52-week low, with a market capitalisation of ₹68,816.09 crore.
