Shares of Rail Vikas Nigam Ltd (RVNL) traded higher on Tuesday after the state-run company secured a fresh order worth Rs 221.33 crore from South East Central Railway.


RVNL shares were trading at Rs 232.98 on the NSE, up 2.08 percent. Earlier in the session, the stock rose as much as four percent to an intraday high of Rs 236.40. The gains come after the stock had declined for nine consecutive sessions, during which it lost more than 16 percent.

In a regulatory filing, the company said it has received a Letter of Acceptance from South East Central Railway for an engineering, procurement and construction (EPC) contract valued at Rs 221.33 crore.

The project involves the replacement of panel interlocking with electronic interlocking systems, along with indoor and outdoor gears, OFC huts, construction and electrification of signalling and telecommunication service buildings, and cabling works across multiple stations in the Bilaspur Division of South East Central Railway.

The order is domestic in nature and is scheduled to be executed within 730 days.

RVNL clarified that neither its promoter nor promoter group entities have any interest in the awarding authority and the contract does not qualify as a related-party transaction.

The latest order adds to a series of recent project wins for the company. In May, RVNL secured railway infrastructure orders worth nearly Rs 1,002 crore from NMDC and West Central Railway. The company also emerged as the lowest bidder for projects from East Coast Railway and North Eastern Railway worth about Rs 164 crore and Rs 129 crore, respectively.

As of March 31, 2026, RVNL's order book stood at Rs 99,262 crore.

Despite the steady flow of orders, the stock has remained under pressure following weak March-quarter earnings. RVNL reported a 59 percent year-on-year decline in net profit to Rs 187 crore in Q4FY26, while full-year profit after tax fell 31.5 percent to Rs 875 crore.
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