Rail Vikas Nigam (RVNL) is in focus after receiving a Letter of Award worth ₹903 crore from SJVN Thermal Private Ltd, a wholly owned subsidiary of SJVN Ltd. The order involves construction of a permanent siding along with an aerial connection via track from the plant boundary to Chausa and Pawani Kamarpur in Buxar, Bihar. The project forms part of the 1,320 MW Buxar Thermal Power Project and adds another sizeable contract to RVNL’s railway and infrastructure project pipeline. The order comes shortly after RVNL was also identified as the lowest bidder for a ₹405 crore East Coast Railway project involving the construction of a third railway line between Khurda Road and Gangadharpur. The latest ₹903 crore award therefore adds to the company’s ongoing order flow and provides additional project execution visibility. RVNL shares opened at around ₹216.20 on September 7, compared with the previous close of ₹212, and touched ₹216.50 in early trade. Investors will be watching execution timelines, order-book conversion and the contribution of these projects to future revenue.

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