Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from East Coast Railway- Normal course of business of the Company.

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RVNL · price

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Price reaction · full curve 14 horizons · vs prior close

+0.3%1-day move

₹294.48

prior close

₹300.00

base price

After-mkt

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+1.3+1.6+0.7+0.4+0.3+1.4+4.5+4.2+3.1+4.9+0.5-5.9-16.6-23.5

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AI summary

Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder (L1) for a major railway infrastructure project from East Coast Railway. The project involves constructing 3rd and 4th railway lines spanning 385 km between Nergundi-Barang and Khurda Road-Vizianagaram sections, along with 4 major bridge constructions over rivers Birupa, Mahanadi, Kathjori, and Kuakhai. The contract is valued at INR 967.93 crore (including 18% GST) and will be executed on EPC (Engineering, Procurement, and Construction) mode over a period of 3 years. This is a domestic order awarded by a government entity and is part of normal business operations.

Likely market impact

Winning this INR 968 crore contract represents a significant order book addition for RVNL, likely boosting revenue visibility for the next 3 years and indicating strong execution capabilities in railway infrastructure.