04 Oct 2025

Rail Vikas Nigam Shares Rise 0.78% After Emerging as Lowest Bidder for Western Railway Contract Worth Rs 40.41 Crore

Rail Vikas Nigam Limited (RVNL) is currently trading at Rs 347.15, up by Rs 2.70 or 0.78% from its previous close of Rs 344.45 on the BSE.

The stock opened at Rs 342.80 and touched an intraday high of Rs 347.60 and a low of Rs 342.20. So far, 3,52,784 shares have been traded on the counter.

The BSE group ‘A’ stock, with a face value of Rs 10, recorded a 52-week high of Rs 518.10 on October 3, 2024, and a 52-week low of Rs 295.25 on April 7, 2025. Over the past week, the scrip has traded between Rs 348.30 and Rs 336.05. The company’s current market capitalization stands at Rs 72,204.25 crore.

Promoter shareholding in the company is 72.84%, while institutional and non-institutional investors hold 11.28% and 15.88% respectively.

In a key development, Rail Vikas Nigam has been declared the Lowest Bidder (L1) by Western Railway for a contract related to the strengthening of signaling and telecommunication (S&T) maintenance activities. The project involves providing round-the-clock manpower for maintenance, repair, and upkeep of signaling and telecom systems across various locations in the Ahmedabad Division for two years. The total contract value is Rs 40.41 crore, and it is expected to be executed within 24 months.

Rail Vikas Nigam operates as an extended arm of the Ministry of Railways, handling diverse railway infrastructure projects including new lines, doubling, gauge conversion, electrification, metro works, major bridges, and institutional buildings.