RVNL’s share price jumped 3% on securing ₹156 crore order from South Western Railway

Rail Vikas Nigam has received Letter of Acceptance (LoA) from South Western Railway for Engineering, Procurement and Construction (EPC) for Design, Supply, Erection, Testing, Commissioning of 2X25 KV OHE & PSI system (TSSs & SPs & SSPs) including Electrical General Services, Engineering & Telecommunication works between Rayadurga (Excluding) (CH: 205/463) Topavagada (Including) (CH: 106/000) of TK-RDG section (99.463 RKM/114.145 TKM). The project cost is ₹156.36 crore (Including applicable taxes). The order is to be executed within 18 months.

Revenue showed a marginal decline at ₹ 4590.75 crores for the quarter ended December 2024, compared to the corresponding quarter of last year. The company's net profit declined by -9.51%, from ₹325.98 crores to ₹294.99 crores. Operating profit reported a moderate decline from ₹ 572.73 crores to ₹546.52 crores in the corresponding previous quarter.

The company also received a Letter of Acceptance (LoA) from HPSEBL for the ‘Development of Distribution Infrastructure at Central Zone of Himachal Pradesh under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (Loss Reduction Work).’ The size of the contract is ₹729.82 crore. The said order is to be executed in 24 months.

Rail Vikas Nigam functions as an extended arm of the Ministry of Railways.