RVNL emerges as L1 bidder for about Rs 359 cr railway doubling project

Govt Defence OrderBusiness Updates View source PDF Explain this filing

RVNL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹225.35

prior close

₹226.33

announcement price

In-mkt

timing

Nifty Midcap 150market+0.5%+0.3% vs market

Civil Construction peers, median of 100sector-0.1%+0.9% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Midcap 150 and 0.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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-1.1-0.2-0.9-1.2+0.2

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-16.4-7.7-8.7-12.9-3.5

UpDownMarket · Nifty Midcap 150Sector · Civil Construction peers, median of 100Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

RVNL has emerged as the lowest bidder (L1) from East Central Railway for a doubling work project worth about Rs 358.97 crore including 18 percent GST. The scope covers 41.04 km of construction including earth work, minor and major bridges, station buildings, platform work and level crossing work on the Kundawa Chainpur to Raxaul stretch in the Sitamarhi-Raxaul section. Completion timeline is 1095 days. The project is a domestic EPC tender awarded in the normal course of business with no related party interest.

Likely market impact

Adds about Rs 359 cr to order book from a government railway project, supporting revenue visibility over the next 3 years.