Home / Business and Economy / RVNL Secures ₹968 Cr Rail Contract, Stock Soars
RVNL Secures ₹968 Cr Rail Contract, Stock Soars
17 Apr
Summary
- RVNL won a ₹968 crore EPC contract from East Coast Railway.
- This contract involves constructing third and fourth railway lines.
- The project requires building major bridges over four rivers.
Rail Vikas Nigam Limited (RVNL) experienced a stock surge of 3.30% to ₹303.60 on Friday, April 17, 2026, following the announcement of its selection as the lowest bidder for a substantial ₹968 crore Engineering, Procurement, and Construction (EPC) contract from East Coast Railway. This marks the second major contract win for RVNL in April, bringing the month's total order inflow to over ₹1,210 crore.
The awarded contract encompasses the construction of third and fourth railway lines across two sections on the Bhadrak to Vizianagaram corridor. This extensive project includes 385 kilometers of new track, particularly spanning the Nergundi to Barang and Khurda Road to Vizianagaram sections. A key component of the EPC work involves the technically demanding construction of four major bridges across significant river crossings, including a substantial structure over the Mahanadi River.
This latest contract underscores RVNL's consistent performance in securing large-scale railway projects and highlights its role as a key executor for the Indian government's railway infrastructure development programs. The company's stock performance reflects market confidence in its robust order book and execution capabilities, even as it trades within its annual range.
