Governance Negative

2026-05-27 22:28

CRITICAL RED FLAG DETECTED

Rail Vikas Nigam Limited (RVNL) received a fine of ₹9,55,800 from the National Stock Exchange (NSE) on May 27, 2026. The fine was imposed for non-compliance with SEBI (LODR) Regulations 17(1), 18(1), & 19(1)(2) regarding the composition of its Board and committees for the quarter ended March 31, 2026. RVNL clarified that as a Government company, directors are appointed by the President of India, and the fine has no impact on its financial, operational, or other activities.

Governance Negative

2026-05-27 17:59

CRITICAL RED FLAG DETECTED

RVNL disclosed a fine of Rs. 9,55,800/- imposed by BSE for non-compliance with SEBI (LODR) Regulations 17(1), 18(1), & 19(1)(2) concerning the composition of its Board and committees for the quarter ended 31st March, 2026. RVNL clarified that as a Government company, its directors are appointed by the Government of India. The company expects the fine to be waived upon achieving compliance and states there is no financial or operational impact.

Business Update Neutral

2026-05-26 17:03

Rail Vikas Nigam Limited (RVNL) has informed that the audio recording of the Conference Call with Investors/Analysts/Institutions held on May 26, 2026, has been uploaded to its website (https://rvnl.org/investor), in compliance with SEBI (LODR) Regulations, 2015. A direct link to the audio recording is also provided in the filing.

Financials Negative

2026-05-25 18:21

Standalone Revenue ₹6,648.40Cr vs ₹6,345.11Cr (▲4.78% YoY) for the quarter ended March 31, 2026. EBITDA ₹220.27Cr vs ₹390.11Cr (▼43.54% YoY), and PAT ₹212.27Cr vs ₹373.34Cr (▼43.14% YoY). EBITDA Margin 3.31% vs 6.15% (▼284bps). The Board recommended a Final Dividend of Rs. 0.71/- per share for FY 2025-26. The auditor's report highlighted a pending matter of ₹1,116.26 crore receivable from a JV, including ₹889.95 crore for interest on delayed payment, where the interest calculation method is under review by the Board.

Financials Negative

2026-05-25 18:18

RVNL reported Standalone Revenue from Operations of ₹6,648.40 Cr for Q4 FY26, a modest increase of 4.8% YoY from ₹6,345.11 Cr. However, Standalone EBITDA significantly declined by 43.5% YoY to ₹220.27 Cr from ₹390.11 Cr, with EBITDA Margin contracting by 284 bps to 3.31% from 6.15%. Standalone Net Profit (PAT) also saw a sharp decline of 43.1% YoY, falling to ₹212.27 Cr from ₹373.34 Cr. The Board recommended a final dividend of Rs. 0.71/- per share for FY26 and approved the closure of the RVNL JV company Kyrgyzindustry-RVNL CJSC. Auditors expressed an unmodified opinion on the financial results, but an Emphasis of Matter noted ₹1,116.26 crore receivable from Krishnapatnam Railway Company Limited (KRCL), with the interest calculation pending finalization by the Board.

Routine Neutral

2026-05-25 18:02

New Filing detected. See link for details.

Business Update Positive

2026-05-22 12:43

Order Win: Rail Vikas Nigam Limited (RVNL) received a Letter of Award from NMDC Limited for the 'Development of Railway Siding near Padapur Village along with Bridges, PWD road diversion, associated Civil Works etc. including Preparation of Feasibility Study Report (FSR), Detailed Project Report (DPR), Detailed Engineering, Execution and Project Management Consultancy (PMC) Services for Capacity Expansion of Bacheli'. The order value is ₹758.07 crores (including GST @ 18%), and the completion timeline is 36 months.

Business Update Positive

2026-05-22 12:33

Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for an order from West Central Railway. The order involves the design, modification, supply, erection, testing, and commissioning of a 132kV/55kV Scott connected Traction Sub Station and switching posts to upgrade the Electric Traction System in the Jabalpur Division of WCR. The order value is ₹244.33 Crores, and the completion timeline is 18 months.

Business Update Positive

2026-05-20 18:08

Order Win: Rail Vikas Nigam Limited emerged as the Lowest Bidder (L1) for an order from East Coast Railway for the provision of MSDAC to increase reliability in ABS sections and alteration in Els at various stations. Order Value: ₹164.19 Crores. Completion Timeline: 18 Months.

Business Update Positive

2026-05-20 14:32

Order Win: Rail Vikas Nigam Limited (RVNL) emerged as the Lowest Bidder (L1) from North Eastern Railway for the 'Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations with associated Switching Posts for 2x25 KV AT traction feeding system in Varanasi-Prayajgraj section' on an EPC Mode. The order value is ₹129.46 Crores, and the completion timeline is 730 days.

Business Update Neutral

2026-05-19 18:08

Rail Vikas Nigam Limited (RVNL) announced an Investor Conference Call on Tuesday, May 26, 2026, at 02:30 P.M. (IST). The management will discuss the financial results and operations for the quarter and year ended March 31, 2026.

Business Update Positive

2026-05-12 18:47

Order Win: Rail Vikas Nigam Limited (RVNL) secured an Engineering, Procurement, and Construction (EPC) order from South East Central Railway for Rs. 221.33 Crores. The project involves replacing panel interlocking with electronic interlocking and constructing S&T service buildings, including electrification and cabling works in the Bilaspur Division. The completion timeline for the project is 730 days.

Governance Neutral

2026-04-30 18:04

Rail Vikas Nigam Limited (RVNL) announced that Mr. Shailesh Kumar Srivastav, Pr. Executive Director, will superannuate from the services of the company on April 30, 2026, and will cease to be part of Senior Management effective May 1, 2026.

Business Update Positive

2026-04-28 18:19

Rail Vikas Nigam Limited received a Letter of Award (LOA) from NMDC Limited for the construction of a residential campus at Banjara Hills, Hyderabad (Phase-II). The domestic order is valued at INR 39.21 Crores and is to be completed within 15 months.

Governance Neutral

2026-04-17 17:53

Rail Vikas Nigam Limited announced the appointment of Shri Ashutosh Gautam as Executive Director (Civil) within its Senior Management, effective April 17, 2026. He brings over 33 years of experience in infrastructure development.

Business Update Positive

2026-04-16 18:13

Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for a project from East Coast Railway. The project, valued at INR 967,92,66,661.70 (approx ₹967.93 Cr) including GST, involves the construction of 3rd and 4th lines and important bridges on EPC mode, to be completed in three years.

Business Update Positive

2026-04-02 18:29

Rail Vikas Nigam Limited (RVNL) received an LOA from South Central Railway for an OHE upgradation project worth ₹242.49 crore. The project involves design, supply, erection, testing, and commissioning of a 2x25kV AT Feeding System over 154 RKM, to be completed in 24 months.

Routine Neutral

2026-03-25 18:36

RVNL announced the closure of its trading window for designated persons/insiders from April 1, 2026, until 48 hours after the announcement of financial results for the quarter and year ended March 31, 2026, in compliance with SEBI regulations.

Business Update Positive

2026-03-16 16:03

RVNL received a Letter of Acceptance (LOA) from NMDC Limited for refurbishment of permanent way and mobile equipment tracks in Chhattisgarh. The domestic order is valued at ₹95.27 Cr (including 18% GST) and is to be completed within 36 months.

Governance Positive

2026-03-12 17:00

Rail Vikas Nigam Limited (RVNL) has appointed Shri Baldev Singh as Executive Director (Civil) in the Senior Management, effective March 12, 2026. Shri Singh is an experienced IRSE officer with over 27 years in Indian Railways.

Business Update Neutral

2026-03-06 15:15

RVNL clarified on 06.03.2026 that it has not received any intimation from the Ministry of Railways or any other authority regarding the proposed merger of IRCON and RVNL, contrary to media reports.

Routine Neutral

2026-03-06 12:31

New Filing detected. See link for details.

Business Update Positive

2026-03-05 17:24

Rail Vikas Nigam Limited (RVNL) has received/reaffirmed 'CARE AAA; Stable' for Long Term Bank Facilities (₹1,540 Cr) and 'CARE AAA; Stable / CARE A1+' for Long Term / Short Term Bank Facilities (₹8,500 Cr) from Care Edge.

Governance Positive

2026-03-02 19:07

Rail Vikas Nigam Limited (RVNL) announced the appointment of Shri Manoj Kumar Pandey as Executive Director (Electrical) in E-9 grade with a pay scale of ₹1,50,000-3,00,000, on a permanent absorption basis. The appointment is effective from March 2, 2026.

Governance Negative

2026-03-02 18:13

CRITICAL RED FLAG DETECTED

Rail Vikas Nigam Limited (RVNL) was fined ₹9,77,040 by NSE and BSE for non-compliance with SEBI LODR Regulations 17(1), 18(1) & 19(1)/(2) regarding the composition of its Board and committees for the quarter ended December 31, 2025. RVNL clarified that as a Government company, directors are appointed by the President of India.

Business Update Positive

2026-02-26 14:46

Rail Vikas Nigam Limited (RVNL) received a Letter of Award from National Mineral Development Corporation (NMDC) Limited for the construction of residential towers at Iron Ore Deposit-5, Bacheli, Chhattisgarh. The project cost is ₹796.80 Crore and is to be executed in 34 months.

Business Update Positive

2026-02-26 14:43

Rail Vikas Nigam Limited (RVNL) received a Letter of Award from National Mineral Development Corporation (NMDC) Limited for the construction of Residential Towers at Iron Ore Deposit-10/11A at Bacheli, Chhattisgarh. The project is valued at Rs. 536.40 Crore and has an execution period of 34 months.

Business Update Positive

2026-02-26 14:36

Rail Vikas Nigam Limited (RVNL) received a Letter of Award (LOA) from National Mineral Development Corporation (NMDC) Limited for the construction of Residential Towers and Shopping Complex in Bacheli, Chhattisgarh. The project is valued at Rs. 644.84 Crore and has a completion period of 34 months.

Business Update Positive

2026-02-25 22:40

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award (LOA) from National Mineral Development Corporation (NMDC) for the 'Development of Township in Kirandul, Chhattisgarh.' The project is valued at Rs. 371.69 Crore and has an execution period of 21 months.

Business Update Positive

2026-02-25 22:32

Rail Vikas Nigam Limited (RVNL) received a Letter of Award (LOA) from National Mineral Development Corporation (NMDC) for the 'Construction of Residential Tower' in Kirandul, Chhattisgarh. The project is valued at Rs. 284.52 Crore and is to be completed in 16 months.

Business Update Positive

2026-02-24 16:06

RVNL received a Letter of Acceptance from Central Railway for a ₹270.22 Crore project. The contract involves design, supply, erection, testing & commissioning of 220/132/55 KV traction substations, sectioning posts, and sub-sectioning posts in Daund-Solapur sections, to be executed in 24 months.

Business Update Positive

2026-02-19 18:09

Rail Vikas Nigam Limited (RVNL) executed a Strategic Joint Venture Shareholders' Agreement with Texmaco Rail & Engineering Limited on February 19, 2026, for the incorporation and operation of a joint venture company.

Business Update Positive

2026-02-18 15:07

Rail Vikas Nigam Limited received a Letter of Acceptance from Northern Railway for a ₹1201.36 Crore project. The order is for the design and construction of a new Rail-Cum-Road Bridge over the River Ganga in Varanasi, Uttar Pradesh, to be executed in 48 months as part of a 60:40 JV with GPT Infraprojects.

Financials Negative

2026-02-09 18:09

RVNL reported Q3 FY'26 top line INR4,936 Cr, PBT INR359 Cr. 9M FY'26 consolidated top line INR14,406 Cr, PBT INR841 Cr. Order book INR87,000 Cr. Management foresees challenging top line and potential profit dip this year due to lower margins, expects better growth next year.

Business Update Neutral

2026-02-06 22:10

Rail Vikas Nigam Limited announced the uploading of the audio recording of its conference call with Investors/Analysts/Institutions on February 06, 2026. The recording is available on the company's website.

Routine Neutral

2026-02-05 23:42

New Filing detected. See link for details.

Routine Neutral

2026-02-05 23:42

New Filing detected. See link for details.

Routine Neutral

2026-02-05 23:42

New Filing detected. See link for details.

Financials Neutral

2026-01-29 14:01

Rail Vikas Nigam Limited (RVNL) will hold an Investor Conference Call on February 6, 2026, at 4:00 P.M. (IST) to discuss the Q3FY26 financial results for the quarter and nine months ended December 31, 2025.

Business Update Positive

2026-01-28 18:50

RVNL-GPT JV emerged as the Lowest Bidder (L1) for a Northern Railway project to design and construct a new Rail Cum Road Bridge No. 11 over river Ganga. The project cost is ₹12,01,35,69,000, with RVNL holding a 60% share in the JV. The execution period is 48 months.

Governance Neutral

2026-01-28 16:02

Rail Vikas Nigam Limited announced the appointment of Shri B. K. Jain, Executive Director/L&A, Railway Board, as a Part-Time (Official) Director on its Board, effective January 28, 2026.

Business Update Positive

2026-01-27 18:15

Rail Vikas Nigam Limited emerged as the Lowest Bidder (L1) for an order from South Central Railway. The ₹242.50 Cr contract involves OHE upgradation in the Ongole-Gudur section, with a 24-month completion period.

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