Rail Vikas Nigam Limited (RVNL) has been declared the lowest bidder for a major project by South Central Railway. The announcement was made on Monday evening.

What Happened: RVNL has been selected as the lowest bidder for the Engineering Procurement Construction (EPC) contract for the doubling of the track between Navipet Station and Indalvai Station in Telangana.

The project involves doubling the track over a distance of 33.70 km, excluding the Nizamabad Yard and includes electrification and signalling works. It is a part of the Mudkhed-Medchal Doubling Project.

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The project, awarded by South Central Railway, is expected to be completed within 24 months at an estimated cost of ₹294.94 crore

This win comes on the heels of a series of successful bids by RVNL. Earlier in the month, a joint venture between RVNL and Rithwik Projects bagged a ₹613 crore rail infrastructure project in Karnataka. A consortium led by RVNL, HFCL, and Aerial Telecom Solutions was declared the lowest bidder for orders by Bharat Sanchar Nigam Limited (BSNL) worth around ₹7,000 crore.

The rail major also reported its earnings last week. RVNL reported a consolidated net profit of ₹286.89 crore for the September quarter, down 27.12% year-on-year. Revenue declined by 1.2% to ₹4,854.95 crore, missing analyst expectations.

Despite the soft performance, RVNL maintains a positive outlook for the second half of FY25, with an expected topline of ₹22,000 crore to ₹23,000 crore. The company’s order book stands at ₹92,000 crore.

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