RVNL shares gain after winning ₹161 crore order from East Coast Railway

Shares of Rail Vikas Nigam(RVNL) rose up to 3% on Thursday, August 20, after the company said it has received a letter of acceptance (LOA) from the East Coast Railway for a ₹161.02 crore order.

The order is for the provision of a multi-section digital axle counter (MSDAC) system to increase reliability in the automatic block signalling (ABS) section from Machapur (MZY) to Khurda Road Junction (KUR) and at several stations in the KUR division of East Coast Railway.

Details of the order

The project covers Rajathgarh (RJGR), Joranda Road (JRZ), Sadashibpur (SSPR), Dhenkanal (DNKL), Hindol Road (HND) and Talcher Road (TLHD) stations in the KUR division of East Coast Railway. The work also involves alterations to electronic interlocking systems.

The work involves systems supplied by Hitachi Rail STS India, Medha Servo Drives, Siemens Rail Automation and Kyosan across various stations. The project is to be executed over 18 months.

The contract is valued at ₹161.02 crore. RVNL said the order was awarded by a domestic entity and is in the normal course of its business.

Q1 performance

The order comes after RVNL reported an 18.5% increase in consolidated profit after tax in the June quarter to ₹159.36 crore from ₹134.53 crore a year earlier.

Revenue from operations rose 10.5% to ₹4,321 crore from ₹3,909 crore, its EBITDA increased to ₹185.4 crore from ₹56 crore, while the EBITDA margin expanded to 4.3% from 1.43% in the year-ago quarter.

Total income stood at ₹4,462.29 crore, compared with ₹4,136.96 crore a year earlier. Total expenses increased to ₹4,244.91 crore from ₹3,972.92 crore.

Stock performance

RVNL shares gained up to 3% to ₹230.20 on Thursday, August 20. The stock has declined 35.62% in 2026, so far.

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