RVNL is lowest bidder for Rs 272.08 crore Central Railway project
RVNL · price
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On the reaction day the stock moved in line with Nifty Midcap 150 and 0.6 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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Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder for a Central Railway project covering design, supply, installation, testing and commissioning of electrical infrastructure on the Daund-Solapur section. The estimated cost is Rs 272.08 crore including taxes, with a 24-month execution period. It is a domestic project in the normal course of business, with no promoter or related-party interest reported.
Positive for RVNL's order visibility, but being the lowest bidder does not guarantee final execution; revenue and profit depend on completion and margins.