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SASI KUMAR SEBI RA

29th Jan · SEBI-Registered Analyst

RVNL in Spotlight: ₹1,200 Cr Northern Railway JV Win Adds to Order Momentum

Rail Vikas Nigam (RVNL) is in focus after its JV with GPT Infraprojects emerged as the lowest bidder (L1) for a ₹1,201.36 crore project from Northern Railway. The project involves design and construction of a new rail-cum-road bridge, along with OHE and general electrical works in the Lucknow division at Varanasi, Uttar Pradesh. RVNL holds a 60% stake in the JV, while GPT owns 40%. The project is to be completed in 48 months. Adding to the momentum, RVNL was also declared L1 for a ₹242.49 crore South Central Railway project for upgrading the OHE system from 1×25kV to 2×25kV, to be executed in 24 months. Earlier this month, it won another ₹87.55 crore order from South Eastern Railway for IP-based video surveillance systems in coaches. With multiple railway wins and a board meeting scheduled on February 5, 2026 to announce results, RVNL remains firmly in focus.

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