Rail Vikas Nigam Gains on Rs 242 Crore Contract Award
Rail Vikas Nigam Secures ₹242.49 Crore Order from South Central Railway
Rail Vikas Nigam, a key player in the Indian rail infrastructure sector, will be in focus on April 6 after securing an order worth ₹242.49 crore from South Central Railway. The company has received a Letter of Acceptance (LoA) for the design, supply, erection, testing, and commissioning of OHE (Overhead Equipment) upgradation.
The project involves upgrading the existing 1x25 kV system to a 2x25 kV AT feeding system, along with feeder and earthing works in the Ongole (OGL) to Gudur (GDR) section of the Vijayawada Division. The total project covers 154 RKM / 462 TKM and is scheduled to be completed within 24 months.
This is not the first major order secured by the company in recent times. In March, Rail Vikas Nigam had received an LoA worth ₹95.27 crore from National Mineral Development Corporation for refurbishment and maintenance works at its Chhattisgarh facilities.
Market Performance
The shares of Rail Vikas Nigam have declined 28% over the past three months. However, in the previous trading session, the stock closed 5.19% higher at ₹262.60, gaining ₹12.95. The stock has touched a 52-week high of ₹448 (May 20, 2025) and a 52-week low of ₹248.25 (March 30, 2026). It is currently trading 41.77% below its 52-week high and 5.08% above its 52-week low.
Key Statistics
| Metric | Value |
|---|---|
| Market Capitalisation | ₹54,387.75 crore |
| Order Value | ₹242.49 crore |
| Project Duration | 24 months |
| Project Distance | 154 RKM / 462 TKM |
The company's market capitalisation stands at ₹54,387.75 crore.
Investor Takeaway
Investors should consider Rail Vikas Nigam's recent contract awards and potential for growth.
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