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According to the company, the total order value is Rs 40,41,60,533.80 and the project is to be executed over a period of 24 months.
In a regulatory filing, RVNL clarified that none of its promoters or members of the promoter group have any interest in the awarding entity. The company further confirmed that the transaction does not qualify as a related party transaction under applicable regulatory norms.
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 company reported a 39.92% drop in consolidated net profit to Rs 134.53 crore in Q1 FY26, compared to Rs 223.92 crore posted in Q1 FY25. Revenue from operations declined 4.05% year-on-year (YoY) to Rs 3,908.77 crore for the quarter ended 30 June 2025.
The scrip rose 0.51% to Rs 346.20 on the BSE.
The project, awarded under Tender No: BPL-PROJECT-EPC-2025-01, aims to support the infrastructure needed to meet a freight loading target of 3,000 metric tonnes (MT). The execution period for the order is 540 days from the date of commencement.
In a regulatory filing, RVNL clarified that neither its promoters nor the promoter group or related entities have any interest in the awarding authority. The company also confirmed that the order does not constitute a related party transaction under applicable regulations.
The scrip rose 0.64% to Rs 335.55 on the BSE.
An officer of the 1988 batch of the Indian Railway Service of Engineers (IRSE), Jain brings over 35 years of extensive experience in railway infrastructure, construction, operations, safety, and policy formulation. He holds a B.Tech in Civil Engineering from Pantnagar University and an M.Tech from IIT Delhi.
Throughout his distinguished career, Jain has held several key leadership positions, including Divisional Railway Manager (DRM) of Delhi, where he managed one of the busiest railway divisions and oversaw critical operations such as Covid coaches and oxygen special trains. He has also served as executive director (bridges & works) at the Ministry of Railways, principal chief engineer of NCR Prayagraj—leading infrastructure development during the Maha Kumbh—and as principal chief safety officer at Western Railway.
Jain has also contributed to bridge research and international collaboration during his tenure at the Research Designs and Standards Organisation (RDSO), and has been exposed to global best practices through official visits to countries including Japan, Finland, Malaysia, Singapore, China, and Thailand.
RVNL confirmed that Jain is not related to any director on the company’s board.
Shares of Rail Vikas Nigam rose 0.41% to Rs 317 on the BSE.