Rail Vikas Nigam Limited (RVNL) has bagged a substantial Engineering Procurement Construction (EPC) contract from South Central Railway.

What Happened: RVNL announced the receipt of the letter of acceptance from South Central Railway in an exchange filing on Monday. The contract entails the doubling of the track between Navipet Station and Indalvai Station in Telangana, excluding the Nizamabad Yard. This project is a segment of the Mudkhed-Medchal doubling project in the state.

The project, worth ₹294.94 crores, also includes electrification and signalling works. The contract is domestic and is expected to be executed within 24 months. The company was declared the lowest bidder for the order earlier this month.

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This win follows a string of successful bids by RVNL. Earlier this month, a joint venture between RVNL and Rithwik Projects secured a ₹613 crore rail infrastructure project in Karnataka. Additionally, a consortium led by RVNL, HFCL, and Aerial Telecom Solutions was declared the lowest bidder for a ₹7,000 crore order from Bharat Sanchar Nigam Limited (BSNL).

The company’s second-quarter net profit declined by 27.12% to ₹286.89 crore. The railway major's revenue also fell 1.2% to ₹4,854.95 crore, missing the street's estimates for the company. However, RVNL maintained a positive outlook for the second half of FY25, with the company’s Director of Finance, Sanjeeb Kumar, expressing confidence about hitting a topline of ₹22,000 crore to ₹23,000 crore in FY25.

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