Shares of Rail Vikas Nigam Limited (RVNL) were trading in the green and 3% higher on 9 June after the company announced securing a new Engineering, Procurement and Construction (EPC) contract worth Rs 221.33 crore from South East Central Railway. 

The project covers the modernization of railway signalling infrastructure across the Bilaspur Division and includes replacing conventional panel interlocking systems with advanced electronic interlocking technology. The scope also includes installation of indoor and outdoor signalling equipment, optical fibre communication huts, construction and electrification of signalling and telecommunication service buildings, and associated cabling work.

According to the company’s regulatory filing, RVNL will execute the domestic contract over a period of 730 days. The company also clarified that the awarding entity has no promoter or related-party connection with RVNL.

The latest contract adds to a series of project wins secured by the company in recent months. In May, RVNL received railway infrastructure orders worth nearly Rs 1,002 crore from NMDC and West Central Railway.

During the same period, the company emerged as the lowest bidder for a railway signalling project valued at approximately Rs 164 crore from East Coast Railway and secured L1 status for another railway project worth about Rs 129 crore from North Eastern Railway. These wins continue to strengthen the company’s execution pipeline and long-term revenue visibility.

Investor sentiment weakened after the company reported softer March-quarter earnings. Net profit for Q4FY26 fell 59% year-on-year to Rs 187 crore, while full-year profit after tax declined to Rs 875 crore from Rs 1,278 crore in FY25.

Even so, retail investors continue to show confidence in RVNL’s long-term growth prospects, with their shareholding remaining strong at 15.9% as of the March 2026 quarter.

At 12:32 pm, the shares of Rail Vikas Nigam were trading 2.36% higher at Rs 233.62 on NSE. 

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