RVNL Bags ₹2,977 Crore NMDC Project in Vizag; Shares Gain 1.86%

Mumbai, June 22: Rail Vikas Nigam Ltd. (RVNL) has secured a major contract worth ₹2,977 crore from state-owned mining giant NMDC Ltd., adding another large infrastructure project to its growing order book.

The contract involves the setting up of buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum (MTPA) at Vizag, Andhra Pradesh, according to a regulatory filing made by the company on Monday.

The project is expected to play a key role in strengthening NMDC’s logistics and material handling infrastructure as it looks to improve the movement and processing of iron ore and related commodities through the port city.

Unlike railway-focused projects that have traditionally dominated RVNL’s portfolio, the latest order highlights the company’s increasing participation in broader infrastructure and industrial projects. Over the past few years, RVNL has steadily diversified beyond rail construction into sectors such as ports, mining infrastructure, metro projects and energy-related developments.

The contract has been awarded by a domestic entity and is scheduled to be executed over a period of 42 months.

Stock Market Snapshot

The market reacted positively to the announcement, with investors welcoming another sizeable addition to the company’s project pipeline.

As of 09:42 IST on June 22, 2026, RVNL shares were trading at ₹248.54, up ₹4.55 or 1.86%. The RVNL share price gained in early trade as investors assessed the significance of the order and its potential contribution to future revenues.

Large EPC contracts remain a key trigger for infrastructure stocks because they improve revenue visibility and strengthen order book growth. For RVNL, the latest award comes at a time when investors are closely tracking the pace of fresh project wins amid strong competition in the infrastructure sector.

Company Background

RVNL, a public sector enterprise under the Ministry of Railways, was originally established to execute railway infrastructure projects across India.

In recent years, the company has expanded its presence into highways, metros, ports, mining infrastructure and energy projects, helping diversify its revenue base beyond conventional railway contracts. This broader approach has enabled RVNL to compete for a wider range of government and industrial projects.

Conclusion

The ₹2,977 crore NMDC contract marks another significant order win for RVNL and reinforces its growing role in large-scale infrastructure development beyond the rail sector.

While execution will stretch over the next three and a half years, the project strengthens the company’s order pipeline and provides additional visibility on future business. Investors will now be watching whether RVNL can sustain its momentum in securing high-value contracts across multiple infrastructure segments.

Source:

• https://www.nseindia.com/get-quote/equity/RVNL/Rail-Vikas-Nigam-Limited
• https://nsearchives.nseindia.com/corporate/RVNL_20062026090006_Coveringletter20062026.pdf