Shares of Rail Vikas Nigam Ltd (RVNL) are trading flat after touching a day’s high of Rs 365 on 23rd September, even though the company emerged as the lowest bidder (L1) for a key Southern Railway project on Monday, 22nd September. The project, valued at Rs 145.35 crore, is aimed at supporting the Mission 3000MT loading target.

The new contract includes design, supply, erection, testing, and commissioning of traction substations (Scott-connected) with power quality equipment, switching posts, SCADA integration, and an automatic fault locator for the Jolarpettai–Salem section of the Salem division. It will be completed in 540 days.

Earlier, on 10th September, RVNL was the lowest bidder for a Rs 169.49 crore West Central Railway project. This involves similar design, supply, and commissioning work for a 220/132kV/2×25 kV Scott-connected traction substation with switching posts and SCADA integration between the BINA and RTA sections of the Bhopal division. It also targets a 3,000 MT loading capacity and will be executed in 540 days, with no related party involvement.

For Q1, RVNL’s revenue fell 4.1% to Rs 3,908 crore. EBITDA dropped 71% to Rs 52 crore, with margins down to 1.4% from 4.5%. Net profit declined 40% to Rs 134 crore from Rs 224 crore a year earlier.

At 1:03 PM, the shares of RVNL were trading 0.17% higher at Rs 359.50 on NSE.

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