Shares of Rail Vikas Nigam Limited (RVNL) turned green and gained 1% on 22 May after the announced securing two major contracts worth nearly Rs 1,002 crore from NMDC Limited and West Central Railway. 

The fresh wins reinforce the company’s strong order pipeline and continued focus on rail connectivity and electrification projects across India.

According to a recent stock exchange filing, RVNL received a Letter of Acceptance from NMDC for a Rs 758.07 crore project involving the development of a railway siding near Padapur village. 

The assignment covers construction of bridges, diversion of PWD roads, detailed engineering, feasibility studies, civil works, execution, and project management consultancy services. The company expects to complete the project within 36 months.

In another development, RVNL emerged as the lowest bidder for a Rs 244.33 crore contract awarded by West Central Railway. The project includes the design, supply, erection, testing, and commissioning of traction substations and switching posts for upgrading the electric traction system from 1x25kV to 2x25kV in the Itarsi–Shridham section under the Jabalpur Division. 

The upgrade aims to support a freight loading target of 3,000 metric tonnes and improve operational efficiency on the route. RVNL plans to complete this project within 18 months.

Over the past six months, RVNL has continued to expand its order book through multiple railway, metro, and infrastructure contracts disclosed in regulatory filings. The company has actively focused on electrification, signaling, and transport infrastructure projects, strengthening its position as a key execution arm for large-scale railway modernization initiatives in India.

Following the announcement, Rail Vikas Nigam shares traded nearly 0.8% higher at Rs 273.1. Despite the recent uptick, the stock remains down around 11% over the past month and continues to trade significantly below its 2024 peak of Rs 647.

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