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RVNL bags ₹270 crore Central Railway order to build new power system for Daund-Solapur trainsRail Vikas Nigam Limited received a ₹270.22 crore contract from Central Railway for a Daund–Solapur traction substation project, to be completed in 24 months. RVNL shares rose to ₹321.65.By Srabastee Biswas  February 24, 2026, 4:47:30 PM IST (Updated)2 Min ReadRail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LoA) from Central Railway for a contract valued at ₹270.22 crore, including applicable taxes. The order has been awarded under Regulation 30 of the SEBI (LODR) Regulations, 2015, the company said in an exchange filing dated February 24, 2026.

The contract pertains to the design, supply, erection, testing and commissioning of a 220/132/55 KV Traction Substation, along with Sectioning Posts (SPs) and Sub-Sectioning Posts (SSPs), in the 2 x 25 KV Traction System (Scott Connected Transformer) of the Daund-Solapur section of Central Railway. The project is aimed at meeting a 3,000 MT loading target and will be executed on an EPC mode basis.

The work falls within the normal course of business of the company and is governed by general contract conditions. The project has been awarded by a domestic entity and is to be completed within a period of 24 months.

RVNL clarified that neither the promoter nor the promoter group companies have any interest in the entity awarding the contract. The order does not fall within related party transactions.

Also read: RVNL Q3 Results: Low-single-digit revenue growth from last year, margins narrow further

The total consideration for the project stands at ₹270,22,24,735.83, inclusive of taxes.

Shares of RVNL closed at ₹321.65 on the NSE, up ₹2.45 or 0.77%.Continue Reading(Edited by : Srabastee Biswas)First Published: Feb 24, 2026 4:46 PM ISTTagsRVNL