Shares of Rail Vikas Nigam Limited (RVNL) gained around 3% after the company received a Letter of Award (LoA) from NMDC Limited for a large mineral logistics project in Andhra Pradesh.
The stock was trading at ₹250, giving the company a market capitalisation of ₹51,710 crore. RVNL trades at a price-to-earnings multiple of around 59 times and has delivered returns of nearly 660% over the past five years.
₹2,977 crore order from NMDC
RVNL said it has been awarded a contract for setting up Buffer Stockpiles and a Blending Yard with a handling capacity of 10 million tonnes per annum (MTPA) at Visakhapatnam, Andhra Pradesh.
Key details
- Order value: ₹2,977 crore, including GST
- Client: NMDC Limited
- Location: Visakhapatnam, Andhra Pradesh
- Handling capacity: 10 MTPA
- Execution period: 42 months
The project has been awarded by a domestic entity and does not involve any related-party transactions, the company said.
Supporting NMDC’s logistics expansion
NMDC, India’s largest iron ore producer and a Navratna PSU, is building dedicated blending and stockpile facilities to strengthen its mineral handling and downstream operations.
The scale of the project highlights the company’s ongoing logistics expansion.
For RVNL, the contract further expands its presence beyond railway infrastructure into industrial and bulk material handling projects.
FY26 financial performance
On a consolidated basis, RVNL reported:
FY26
- Revenue from operations: ₹20,412.12 crore
- FY25 revenue: ₹19,923.25 crore
Net profit stood at ₹870.66 crore, compared with ₹1,277.79 crore in FY25.
Order book remains strong
As of March 31, 2026, RVNL’s order book stood at ₹99,262 crore.
Segment-wise order book
- Railways: ₹57,000 crore
- Signalling: ₹14,900 crore
- Ports, roads and highways: ₹10,400 crore
- Metro projects: ₹9,900 crore
- Power and transmission: ₹4,000 crore
- Hydro and irrigation projects: ₹2,000 crore
The diversified order pipeline provides long-term revenue visibility for the company.
About RVNL
Rail Vikas Nigam Limited is a Government of India enterprise under the Ministry of Railways.
Headquartered in New Delhi, the company executes infrastructure projects across:
- Railway tracks
- Bridges
- Tunnels
- Electrification
- Metro rail systems
RVNL also operates through several subsidiaries and joint ventures in India and overseas.
TL;DR
RVNL shares gained 3% after the company secured a ₹2,977 crore contract from NMDC to develop a 10 MTPA buffer stockpile and blending yard facility at Visakhapatnam. The project will be executed over 42 months.
AI Summary
- RVNL received a ₹2,977 crore order from NMDC.
- The project involves a 10 MTPA blending yard in Visakhapatnam.
- The execution period is 42 months.
- RVNL’s order book stood at ₹99,262 crore as of March 2026.
- FY26 revenue rose to ₹20,412 crore.
