Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The order, awarded on EPC mode, is to be executed over a period of three years and includes construction of multiple open web steel girder bridges over major rivers such as Mahanadi, Birupa, Kathjori and Kuakhai.
Earlier this month, RVNL secured an order worth Rs 242 crore from South Central Railway. The project involves upgradation of overhead electrification systems from 1x25kV to 2x25kV in the Ongole-Gudur section and is scheduled for completion within 24 months.
RVNL, a Government of India enterprise, is engaged in implementing rail infrastructure projects across the country. As on December 2025, the Government of India held 72.84% stake in the company.
On a consolidated basis, the company reported a 3.65% rise in 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 in Q3 December 2025.
The contract has been awarded under general contract conditions to a domestic entity and is to be executed within 24 months.
The total contract value stands at Rs 242.49 crore, including applicable taxes.
The order is domestic in nature and does not involve any related party transactions. Additionally, the promoter, promoter group, or group companies have no interest in the awarding entity.
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.
According to media reports, the Ministry of Railways has moved a formal proposal to merge the two companies to create a larger and more integrated railway infrastructure entity. The proposal will now undergo a standard review process, which includes approvals from the Ministry of Finance, the Department of Public Enterprises and the Cabinet Committee on Economic Affairs (CCEA).
If approved, the merger is expected to combine Rail Vikas Nigam’s project management capabilities with Ircon International’s expertise in turnkey railway construction and infrastructure development. The move is also seen as a step towards enhancing execution capacity, improving operational efficiency and strengthening the international presence of the combined entity.
Meanwhile, BSE has sought clarification from the companies regarding the news report, and a response is awaited.
The first contract pertains to the construction of a residential tower in Kirandul at a cost of Rs 284.52 crore. The project is to be executed within 16 months.
The second order involves the development of a township in Kirandul, Chhattisgarh. The project cost stands at Rs 371.69 crore and is scheduled to be completed within 21 months.
Both contracts have been awarded by NMDC, a domestic entity, under general contract conditions. The nature of the contracts includes residential and township infrastructure development.
RVNL clarified that neither the promoter nor promoter group companies have any interest in NMDC. The company further stated that the contracts do not fall under related party transactions.
Shares of Rail Vikas Nigam fell 1.29% to Rs 317.50 on the BSE.
The order pertains to the design, supply, erection, testing and commissioning of a 220/132/55 KV traction substation, sectioning posts (SPs) and sub-sectioning posts (SSPs) in the 2x25 KV traction system (Scott-connected transformer) for the Daund–Solapur section. The project is aimed at meeting the 3,000 MT loading target.
The contract, awarded by a domestic entity, is to be executed within a period of 24 months. The total cost of the work stands at Rs 270,22,24,735.83, inclusive of applicable taxes.
RVNL clarified that neither the promoter nor the promoter group has any interest in the awarding entity. The company also confirmed that the contract does not fall under related party transactions.
Shares of Rail Vikas Nigam rose 0.74% to end at Rs 321.65 on the BSE.
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.