RVNL shares fall despite bagging ₹270 crore EPC project from Central Railway

In a regulatory filing dated February 24, the Navratna company stated that it received the letter of acceptance (LoA) for the “design, supply, erection, testing and commissioning of 220/132/55 KV Traction Substation, Sectioning post (SPs) and Sub sectioning post (SSPs) in 2 x 25 KV Traction System (Scott Connected Transformer) of Daund - Solapur Sections of Central Railway, to meet 3000 MT loading target on EPC mode.”

The general contract worth ₹270.22 crore (including applicable taxes) is expected to be executed in 24 months.

In a separate regulatory filing dated February 18, the railway CPSE said that it received a letter of award (LoA) for a project worth ₹1,201.36 crore from the Northern Railway.

The order was for the “design and construction of a new rail cum road bridge No. 11 over the river Ganga, 50 meters downstream of the existing old Malviya bridge near Kashi Railway Station.”

The scope of the project also includes the design and construction of the sub-structure and super-structure of the bridge for four line tracks on the lower deck and a six-lane road on the upper deck.

It also comprises railway and road approaches as per the general arrangement drawing (GAD), along with associated overhead equipment (OHE) works and general electric works in the Lucknow division of the Northern Railway at Varanasi, Uttar Pradesh.

It added that the project will be undertaken via a joint venture, in which RVNL holds a 60% stake, while GPT Infraprojects holds the remaining 40% stake.

RVNL stock performance

Shares of RVNL fell as much as 1.01% to an intraday low of ₹318.40 per unit on the National Stock Exchange (NSE) on Wednesday.

The stock was trading 0.51% lower at ₹320 per equity share, as of 9:59 am.

The scrip has gained 3% in the past week but lost 2% over the month. On a year-to-date basis, it has fallen 12%.

While the stock touched a 52-week low of ₹301.20 on December 9, 2025, it hit a year’s high of ₹447.80 per equity share on May 20, 2025.

Rail Vikas Nigam has a total market capitalisation of ₹66,720.64 crore, as of February 25, 2026, according to data on the NSE.