RVNL Secures ₹968 Crore Railway Bridge Project, Strengthening Infrastructure Execution Pipeline

Rail Vikas Nigam Ltd ($RVNL) has secured a major railway infrastructure contract worth ₹967.93 crore, including 18% GST, from East Coast Railway for the construction of four key railway bridges over the Birupa, Mahanadi, Kathjori and Kuakhai rivers. The project forms part of the third and fourth line expansion between the Nergundi-Barang and Khurda Road–Vizianagaram sections and will be executed on an Engineering, Procurement and Construction (EPC) basis within 1,095 days. This order adds to RVNL’s recent momentum, following another EPC contract worth ₹221.33 crore from South East Central Railway for signalling, telecommunication and infrastructure upgrades in the Bilaspur division of Chhattisgarh. On the financial front, RVNL reported Q4 FY26 revenue growth of 4.2% year-on-year to ₹6,696 crore from ₹6,427.1 crore. However, profitability remained under pressure, with consolidated net profit declining 58.9% to ₹187.1 crore from ₹455.4 crore, while EBITDA fell 38.4% to ₹268.5 crore from ₹436.1 crore. EBITDA margin also contracted to 4% from 6.8% in the corresponding quarter last year. Despite near-term earnings pressure, the latest project win highlights RVNL’s continued role in expanding India’s railway infrastructure and strengthens its long-term project execution pipeline. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.