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The project is to be executed within 48 months. The total contract value stands at Rs 1,201.35 crore.
RVNL will execute the project in a joint venture, with a 60% share, while GPT Infraprojects holds the remaining 40% stake. The contract has been awarded by a domestic entity and does not fall under related party transactions, the company said.
Rail Vikas Nigam is engaged in executing a wide range of railway infrastructure projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, cable-stayed bridges, and institutional buildings.
The company reported a 3.65% rise in consolidated net profit to Rs 322.83 crore in Q3 FY26, compared to Rs 311.44 crore recorded in Q3 FY25. Revenue from operations rose 2.56% YoY to Rs 4,684.46 crore for the quarter ended 31 December 2025.
Shares of Rail Vikas Nigam rose 0.32% to close at Rs 309.75 on the BSE.
The project entails design and construction of New Rail cum Road Bridge No 11 over River Ganga, 50 mtrs downstream of the existing old Malviya Bridge near Kashi Railway Station including sub structure and superstructure of the Bridge (8x108.5m + 2x103.3m Open Web Steel Girder) for four line tracks on lower deck and six lane Road on upper deck, including Railway and Road approaches as per GAD along with associated OHE Works and General Electric works in Lucknow Division of Northern Railway at Varanasi, Uttar Pradesh.
On a sequential basis, the company’s consolidated net profit rose 40.18%, while revenue declined 8.55%.
Total expenses increased 2.17% YoY to Rs 4,577.43 crore in Q3 FY26, compared with Rs 4,480.08 crore in Q3 FY25. Operating expenses stood at Rs 4,354.14 crore (up 3.19% YoY), while employee benefit expenses were Rs 50.80 crore (up 0.27% YoY) during the period under review.
Profit before tax (PBT) for the quarter stood at Rs 415.12 crore in Q3 FY26, up 0.53% from Rs 412.90 crore reported in Q3 FY25.
On a nine-month basis, the company’s net profit declined 16.37% YoY to Rs 687.63 crore, while revenue from operations rose 1.63% year-on-year to Rs 13,716.21 crore in 9M FY26, compared with 9M FY25.
Meanwhile, the company’s board has approved an interim dividend of Rs 1 per share (10% of the paid-up share capital) for the financial year 2025–26. The interim dividend shall be paid on or before Friday, 6 March 2026. The record date for ascertaining the eligibility of shareholders for the payment of the interim dividend for FY2025–26 is Wednesday, 11 February 2026.
Rail Vikas Nigam is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings, etc.
The counter slipped 1.42% to Rs 316.70 on the BSE.
The project involves construction of Bridge No. 11, located around 50 metres downstream of the existing Old Malviya Bridge near Kashi Railway Station. The scope includes substructure and superstructure works for a multi-span bridge comprising eight spans of 108.5 metres and two spans of 103.3 metres using open web steel girders.
The bridge will carry four railway lines on the lower deck and a six-lane road on the upper deck. The order also includes construction of railway and road approaches, along with associated overhead electrification (OHE) and general electrical works, to be executed in the Lucknow Division of Northern Railway.
The contract has been awarded by a domestic entity and is to be executed over a period of 48 months. The total project cost is Rs 1,201.36 crore, inclusive of all taxes.
Under the joint venture arrangement, RVNL holds a 60% stake, while GPT Infraprojects holds the remaining 40%. The company said that neither the promoter nor promoter group entities have any interest in the awarding authority, and the contract does not fall under related party transactions.
The company’s consolidated net profit declined 19.73% to Rs 230.29 crore in Q2 FY26 compared with Rs 286.88 crore in Q2 FY25. Revenue from operations rose 5.22% YoY to Rs 5,122.98 crore in Q2 FY26.
The scrip rallied 5.73% to end at Rs 342.45 on the BSE.