RVNL climbed 3% to a day high of ₹227.39 on Wednesday after the company won a ₹358.97 crore railway order from East Central Railway.

The order is for doubling the 41 km Sitamarhi to Raxaul railway line in the Samastipur division. RVNL will build bridges, stations, platforms and handle earthwork as part of the project.

The company said the contract does not involve any related party and that the client, East Central Railway, has no connection to its promoters.

Work is expected to wrap up within 1,095 days, a little over three years. There’s a second reason RVNL is in the news this week. The company also fixed August 18 as the record date for its final dividend for FY26.

Shareholders on the books that day will get ₹0.71 per share once the payout clears at the upcoming AGM, with the money due within 30 days of that meeting. RVNL has been picking up work steadily.

In June, it landed a ₹968 crore contract from East Coast Railway to build four bridges on the Nergundi-Barang and Khurda Road-Vizianagaram route.

Before that, in May, it bagged close to ₹1,002 crore worth of work from NMDC and West Central Railway. Even with the fresh order, the stock has had a rough year.

It’s down close to 38% since January and around 37% over the past twelve months, after weak Q4 numbers triggered heavy selling.

The stock actually touched a fresh 52-week low of ₹220.16 just a day before this rally, on July 28.

Longer term, though, RVNL has returned around 86% over three years, and shareholders who bought five years ago are sitting on gains of about 657%.

As of 10:18 am on NSE, RVNL was trading at ₹225.71, up 1.97% or ₹4.37 from the previous close.

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