Governance Neutral

2026-11-09 17:50

- Board Meeting rescheduled from Friday, 13th November, 2026 to Thursday, 12th November, 2026. - Agenda: Consider and approve Unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended 30th September, 2026. - Trading window will remain closed until 14th November, 2026.

Governance Neutral

2026-11-04 11:43

- Board Meeting scheduled on Friday, November 13, 2026. - To consider and approve Unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2026. - Trading window remains closed until November 15, 2026.

Business Update Positive

2026-10-29 20:37

Order Win: Rail Vikas Nigam Ltd won order from Ministry of External Affairs Order Value: ₹55 Lakhs. Completion Timeline: 6 months

Business Update Positive

2026-10-29 20:30

Order Win: Rail Vikas Nigam Limited won order from Ministry of External Affairs Order Value: ₹55 Lakhs. Completion Timeline: 6 Months

Governance Neutral

2026-10-19 15:15

- Shri Ashutosh Gautam, Executive Director (Highway), has been relieved from services effective 19th October, 2026. - He ceased to be part of the Senior Management of RVNL to assume charge as Director (Projects) at NBCC (India) Limited.

Governance Neutral

2026-10-19 15:11

- Shri Ashutosh Gautam, Executive Director (Highway), has been relieved from services of Rail Vikas Nigam Ltd on 19th October 2026. - He ceased to be part of the Senior Management to assume charge as Director (Projects) at NBCC (India) Limited.

Business Update Positive

2026-10-15 16:45

Rail Vikas Nigam Limited (RVNL) has signed a Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC). The collaboration is for cooperation in the development, upgradation, renovation, and construction of rail infrastructure and connectivity. This includes DVC's power plants, captive coal mining areas, associated Rapid Loading Systems (RLS/CHP/SILO), and Re-tractable overhead electrification (OHE) systems.

Business Update Positive

2026-10-15 16:43

Rail Vikas Nigam Limited (RVNL) has signed a Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC). - Purpose: Cooperation in the development, upgradation, renovation, and construction of rail infrastructure and connectivity to DVC's power plants and captive coal mining areas. - Scope includes associated Rapid Loading Systems (RLS/CHP/SILO) and Re-tractable overhead electrification (OHE) systems. - The MoU was signed in the ordinary course of business on October 15, 2026.

Governance Neutral

2026-10-12 17:56

- Rail Vikas Nigam Ltd has announced the appointment of Shri Deepak Mohanty as a Non-Official (Independent) Director on the Board. - The appointment is effective from October 6, 2026, for a term ending on October 5, 2029. - Shri Deepak Mohanty is not related to any other director on the company's board and has not been debarred from holding the office of director by SEBI.

Governance Neutral

2026-10-12 17:52

- Rail Vikas Nigam Limited has appointed Shri Deepak Mohanty as a Non-Official (Independent) Director on the Board. - The appointment is effective from October 6, 2026, for a term up to October 5, 2029. - Shri Deepak Mohanty is not related to any other director on the board and has not been debarred from holding the office of director.

Governance Neutral

2026-10-06 18:27

- Shri Deepak Mohanty has been appointed as Non-Official (Independent) Director on the Board of Rail Vikas Nigam Limited. - The appointment is made by the Ministry of Railways, Government of India, for a period of three years with immediate effect or until further orders, whichever is earlier.

Governance Neutral

2026-10-06 18:25

- Shri Deepak Mohanty has been appointed as Non-Official (Independent) Director on the Board of Rail Vikas Nigam Limited. - The appointment is made by the Ministry of Railways, Government of India. - The tenure is for a period of three years with immediate effect or until further orders, whichever is earlier.

Governance Neutral

2026-10-05 16:48

- Rail Vikas Nigam Ltd received fines from NSE and BSE for non-compliance with SEBI regulations regarding the composition of the Board of Directors and its committees for the quarter ended June 30, 2026. - The Board noted the matter and clarified that being a government company, it has no role in appointing directors. - The company is continuously following up with the Ministry of Railways to fill the vacancies of Independent Directors.

Governance Negative

2026-10-05 16:45

CRITICAL RED FLAG DETECTED

- RVNL informed the stock exchanges regarding the board's review of fines levied by NSE and BSE for non-compliance with SEBI LODR regulations regarding the composition of the Board of Directors and committees for the quarter ended 30th June, 2026. - The board noted that as a government company, it has no role in appointing directors. - The company is continuously following up with the Ministry of Railways to fill vacancies for Independent Directors, including a woman Independent Director.

Business Update Neutral

2026-10-01 18:59

- Rail Vikas Nigam Limited (RVNL) announced the cancellation of a Letter of Award (LOA) received from East Coast Railway. - The project involved the Supply, Installation, Testing, and Commissioning of an IP-based Video Surveillance System for rolling stock of ECoR. - The cancellation was done with mutual consent and without any financial repercussions to RVNL.

Governance Neutral

2026-09-30 16:49

- Rail Vikas Nigam Limited has appointed Smt. Neeti Sarkar as Director (Finance) and KMP on an additional charge basis effective 30th September, 2026. - Shri Abhishek Kumar ceased to be Director (Finance) effective 30th September, 2026. - Smt. Neeti Sarkar is an IRAS Officer of the 1994 batch.

Governance Neutral

2026-09-30 16:46

Smt. Neeti Sarkar has been appointed as Director (Finance) & KMP (Additional charge) of Rail Vikas Nigam Limited w.e.f. September 30, 2026. Shri Abhishek Kumar ceased to be Director (Finance) w.e.f. September 30, 2026.

Governance Neutral

2026-09-30 13:08

- Rail Vikas Nigam Ltd has appointed M/s. AMAA & Associates as the new Internal Auditor for a term of 1 year effective from 01.07.2026. - The tenure of the previous internal auditor, M/s. Ravi Rajan & Co. LLP, has successfully completed as of 30.06.2026.

Governance Neutral

2026-09-30 13:04

- Rail Vikas Nigam Limited appointed M/s. AMAA & Associates as Internal Auditor for a term of 1 year effective from 01.07.2026. - The tenure of the previous internal auditor, M/s. Ravi Rajan & Co. LLP, concluded on 30.06.2026. - Board meeting was held on 30.09.2026, commencing at 10:30 A.M. and concluding at 12:40 P.M.

Governance Neutral

2026-09-29 18:13

- Ms. Neeti Sarkar has been entrusted with the additional charge of the post of Director (Finance) on the Board of Rail Vikas Nigam Limited (RVNL). - The assignment is effective from the date of assumption of charge and will continue until further orders. - The order was issued by the Ministry of Railways, Government of India, on September 29, 2026.

Governance Neutral

2026-09-29 18:11

- Ms. Neeti Sarkar has been entrusted with the additional charge of the post of Director (Finance) on the Board of Rail Vikas Nigam Limited. - The appointment is effective from the date of assumption of charge and will continue until further orders. - The order was issued by the Ministry of Railways, Government of India, on September 29, 2026.

Routine Neutral

2026-09-25 16:33

- Trading window for dealing in RVNL shares will remain closed from October 1, 2026. - Closure applies to all Designated Persons/Insiders and their immediate relatives. - Window will reopen 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026.

Routine Neutral

2026-09-25 16:29

- Trading window for dealing in RVNL shares will remain closed from October 1, 2026. - Closure applies to all designated persons, insiders, and their immediate relatives. - Trading window will reopen 48 hours after declaration of financial results for the quarter and half-year ended September 30, 2026.

Business Update Neutral

2026-09-22 19:11

- Concall Schedule - Concall Date: September 28, 2026 - Conference: PL Capital Investor Conference (Physical) - Venue: Mumbai

Business Update Neutral

2026-09-22 19:06

- Investor Conference Schedule - Conference Date: September 28, 2026 - Conference Details: PL Capital Investor Conference (Physical)

Business Update Positive

2026-09-19 19:17

- Order Win: Rail Vikas Nigam Limited won an order from East Coast Railway - Order Value: ₹404.88 Crore (including GST) - Completion Timeline: 912 Days

Business Update Positive

2026-09-19 19:14

- Order Win: Rail Vikas Nigam Limited (RVNL) received a Letter of Acceptance from East Coast Railway. - Order Value: ₹404.88 Crore (including GST). - Completion Timeline: 912 Days. - Project Details: Execution of roadbed, minor/major bridges, building works, supply of ballast, P. Way linking, utility shifting of S&T and electrification works, and 3rd line construction on the Nergundi-Barang and Khurda Road-Vizianagaram sections.

Governance Neutral

2026-09-09 18:10

- RVNL announced the appointment of M/s. Gandhi Minocha & Co., Chartered Accountants, as the Statutory Auditor for the financial year 2026-27. - The appointment was made by the Comptroller and Auditor General of India for a term of one year, effective September 8, 2026.

Governance Neutral

2026-09-09 18:08

- Rail Vikas Nigam Limited (RVNL) announced the appointment of M/s. Gandhi Minocha & Co., Chartered Accountants, as the Statutory Auditor for the financial year 2026-27. - The appointment was made by the Comptroller and Auditor General of India. - The term of appointment is 1 year, effective from September 8, 2026.

Business Update Positive

2026-09-04 19:58

- Order Win: Rail Vikas Nigam Limited (RVNL) won an order from SJVN Thermal Private Limited (a wholly owned subsidiary of SJVN Limited) - Order Value: ₹903,00,68,492/- (Incl. GST) - Completion Timeline: 36 Months - Details: For the construction of a permanent siding along with an aerial connection via track for the 1320 MW Buxar Thermal Power Project (Phase-III) in Bihar.

Business Update Positive

2026-09-04 19:55

- Order Win: Rail Vikas Nigam Limited (RVNL) won an order from SJVN Thermal Private Limited (a wholly owned subsidiary of SJVN Limited) - Order Value: ₹903.00 Crore (Incl. GST) - Completion Timeline: 36 Months - Project Details: Construction of a permanent siding along with an aerial connection for the 1320 MW Buxar Thermal Power Project (BTPP) in Buxar, Bihar.

Business Update Positive

2026-09-03 16:09

- Order Win: Rail Vikas Nigam Limited (RVNL) emerged as the Lowest Bidder (L1) for an order from East Coast Railway. - Order Value: ₹404.88 Crore (including GST). - Completion Timeline: 30 Months. - Project Details: Execution of roadbed, minor & major bridges, building works, ballast supply, P. Way linking, utility shifting, S&T and electrification works, power supply arrangements, and HT/LT line modification for a 3rd line project between Nergundi-Barang and Khurda Road-Vizianagaram on the Bhadrak-Vizianagaram Section.

Business Update Positive

2026-09-03 16:08

- Order Win: Rail Vikas Nigam Limited (RVNL) won an order from East Coast Railway - Order Value: ₹404.88 Cr (Rupees Four hundred four crore eighty-eight lakh eighteen thousand seven hundred thirty-eight only) - Completion Timeline: 30 Months - Project Details: The order is for the execution of roadbed, minor and major bridges, building works, supply of ballast, P. Way linking and other allied works including utility shifting of S&T and electrification works for the 3rd Line between Nergundi-Barang and Khurda Road-Vizianagaram on Bhadrak-Vizianagaram Section.

Governance Neutral

2026-08-31 20:22

CRITICAL RED FLAG DETECTED

- Shri Ajit Singh, Pr. Executive Director/CC & BD of Rail Vikas Nigam Limited, has been relieved from services due to superannuation. - He ceases to be part of Senior Management effective September 01, 2026.

Governance Neutral

2026-08-31 20:20

- Shri Ajit Singh, Pr. Executive Director/CC & BD, has been relieved from the services of Rail Vikas Nigam Limited due to superannuation, effective August 31, 2026. - He ceases to be part of Senior Management from September 01, 2026.

Routine Neutral

2026-08-27 17:48

New Filing detected. See link for details.

Routine Neutral

2026-08-27 17:43

New Filing detected. See link for details.

Governance Negative

2026-08-26 15:23

CRITICAL RED FLAG DETECTED

- RVNL received a fine of ₹9,66,420/- (inclusive of GST) from the National Stock Exchange Limited (NSE). - The fine is for non-compliance with SEBI LODR Regulations 17(1), 18(1) & 19(1)(2) regarding the composition of the Board and its committees for the quarter ended 30th June, 2026. - RVNL clarifies that as a Government company, directors are appointed by the Ministry of Railways, and the fine has no quantifiable financial impact.

Governance Negative

2026-08-26 15:19

CRITICAL RED FLAG DETECTED

- RVNL fined ₹9,66,420 by NSE for non-compliance with Regulations 17(1), 18(1) & 19(1)(2) regarding Board and committee composition for the quarter ended June 30, 2026. - The company clarified that Directors are appointed by the Government of India, and RVNL has no role in appointments. - They anticipate eligibility for fine waiver upon appointment of requisite Directors, noting previous waivers for similar non-compliance.

Governance Negative

2026-08-25 20:01

CRITICAL RED FLAG DETECTED

- RVNL fined ₹9,66,420 by BSE for non-compliance with SEBI (LODR) Regulations 17(1), 18(1) & 19(1)(2) regarding the composition of the Board and its committees for the quarter ended June 30, 2026. - The company clarified that directors are appointed by the Government of India and expects a waiver of the fine upon achieving compliance.

Governance Negative

2026-08-25 19:59

CRITICAL RED FLAG DETECTED

- RVNL received a fine of ₹9,66,420 from BSE for non-compliance with Regulations 17(1), 18(1) & 19(1)(2) regarding the composition of its Board and committees for the quarter ended June 30, 2026. - The company clarified that all directors are appointed by the Government of India, and it expects a waiver of the fine upon achieving compliance. - RVNL stated the fine has no financial, operational, or other impact.

Governance Positive

2026-08-25 19:50

- RVNL announced the voting results of its 23rd Annual General Meeting held on August 25, 2026. - All nine resolutions, including the adoption of financial statements, declaration of a final dividend of ₹0.71 per fully paid-up equity share for FY2025-26, and appointment/re-appointment of directors, were passed with requisite majority.

Governance Positive

2026-08-25 17:52

- RVNL held its 23rd Annual General Meeting (AGM) on August 25, 2026, through Video Conferencing. - Members adopted the Audited Financial Statements for FY 2025-26 and declared a final dividend of ₹0.71 per equity share. - Key appointments/re-appointments included Mr. Saleem Ahmed as Chairman & Managing Director.

Governance Positive

2026-08-25 15:00

- RVNL's 23rd AGM on August 25, 2026, adopted FY26 financials and declared a final dividend of Rs. 0.71 per share. - Re-appointed directors, appointed Mr. Saleem Ahmed as CMD, Mr. Amit Tandon as Director (Projects), and Mr. Bhartesh Kumar Jain as Govt. Nominee Director.

Business Update Positive

2026-08-20 13:28

- Order Win: Rail Vikas Nigam Limited (RVNL) won an order from East Coast Railway (ECOR) - Order Value: ₹1,610,245,230.24 - Completion Timeline: 18 Months - Nature of Order: Provision of MSDAC to increase reliability in ABS sections of KUR division of East Coast Railway.

Business Update Positive

2026-08-20 13:22

- Order Win: Rail Vikas Nigam Limited won order from East Coast Railway - Order Value: ₹161.02 Crores - Completion Timeline: 18 Months

Business Update Positive

2026-08-18 14:25

- Q1 FY27 Consolidated Revenue ₹4,321 Cr (▲10.55% YoY). Consolidated EBITDA ₹190 Cr (▲192.7% YoY) with EBITDA Margin of 4.41% (▲275bps YoY). Consolidated PAT ▲18.73% YoY. - FY27 revenue guidance of ~15% top-line and ~15-20% bottom-line growth maintained. - Order book stood at ₹93,492 Cr as of June 30, 2026. Targeting ₹20,000-25,000 Cr new orders this year, with ₹5,500 Cr already secured in Q1. - Diversifying into new sectors (ports, hydro, highway, green energy) and international markets (Middle East, Eastern Europe, Africa, Southeast Asia). Expecting 50-50% mix between railway management and bidding works in 2-3 years. - Targeting EBITDA margin of 5-7% and ROE of 12-13% in the next three years, with overseas projects expected to yield 15-20% margins. - Major projects include BharatNet (₹13,000 Cr), Vande Bharat sleeper train (₹14,400 Cr, first prototype Dec 2026), and Rishikesh-Karnaprayag rail (₹37,000 Cr, 78% progress). - No external debt currently sought; managing through internal resources with working capital arrangements available at 5.5-5.9% if needed. - Acknowledged challenges include geopolitical volatility in some overseas markets, labor availability, and client payment delays, but mitigation strategies are in place.

Financials Positive

2026-08-18 14:15

- Q1 FY27 Consolidated Turnover ₹4,321Cr vs ₹3,909Cr (▲10.55% YoY) - EBITDA ₹190Cr vs ₹64.91Cr (▲192.7% YoY) - PAT ₹159.52Cr vs ₹134.35Cr (▲18.73% YoY) - EBITDA Margin 4.41% vs 1.66% (▲275bps) - Total order book stands at ₹93,492 crore as of June 30, 2026, with an order inflow of ₹5,417 crore in Q1 FY27. - Company targets ₹20,000-25,000 crore new orders for FY27, maintaining FY27 guidance of 15% top-line and 15-20% bottom-line growth. - Key projects include Vande Bharat Sleeper train (₹14,400 Cr, first prototype by Dec 2026) and BharatNet (₹13,000 Cr). - Management anticipates EBITDA of 5-7% and ROE of 12-13% over the next three years.

Governance Positive

2026-08-14 18:31

- Rail Vikas Nigam Limited (RVNL) announced the appointment of Shri Rakesh Bhalla as a Non-Official (Independent) Director on its Board. - The appointment is effective from August 13, 2026, for a period of three years.

Governance Neutral

2026-08-14 18:25

- Appointment of Shri Rakesh Bhalla as Non-Official (Independent) Director on the Board of Rail Vikas Nigam Limited (RVNL). - Effective from August 13, 2026, for a period of three years.

Business Update Neutral

2026-08-13 18:16

- Audio recording of the investor/analyst conference call held on August 13, 2026, has been uploaded on the company's website.

Business Update Neutral

2026-08-13 18:03

- The audio recording of the Conference Call with Investors/Analysts/Institutions held on 13.08.2026 has been uploaded on the company's website.

Financials Positive

2026-08-11 14:36

- Q1 FY27 Consolidated Revenue ₹4,321.23Cr vs ₹3,908.77Cr (▲10.55% YoY) - EBITDA ₹190.78Cr vs ₹164.91Cr (▲15.69% YoY) - PAT ₹159.52Cr vs ₹134.36Cr (▲18.72% YoY) - EBITDA Margin 4.41% vs 4.22% (▲19bps) - Auditors highlighted an emphasis of matter regarding an unresolved dispute over interest calculation on a ₹1,091.91 crore receivable from Krishnapatnam Railway Company Limited (KRCL).

Business Update Neutral

2026-08-06 18:15

- Concall Schedule - Concall Date: 13th August, 2026 - Concall Time: 04:00 P.M. (IST) - The management will comment on Q1 FY2026-27 financial results and operations.

Business Update Positive

2026-08-01 16:56

- RVNL filed its Business Responsibility & Sustainability Report (BRSR) for FY 2025-26, along with a Reasonable Assurance Report by an Independent Agency, forming part of the Annual Report. - The report details commitments and achievements in ESG areas, including increased training on health & safety, skill upgradation, human rights awareness, and initiatives for resource efficiency and environmental impact reduction. - The company reported zero fines/penalties, disciplinary actions, or conflicts of interest for Directors/KMPs during FY 2025-26.

Financials Positive

2026-08-01 16:47

- Consolidated Turnover for FY2025-26: ₹20,412.12 crore. - Consolidated Profit After Tax (PAT) for FY2025-26: ₹870.66 crore. - Order Book reached ₹99,262 crore, the highest in the Company's history, reflecting diversification into new infrastructure sectors. - The Company projects 10% sustainable growth in both revenue and profitability for FY2026-27. - A total dividend of ₹356.54 crore is recommended for FY2025-26. - The 23rd Annual General Meeting (AGM) is scheduled for Tuesday, August 25, 2026, at 11:00 A.M. (IST) via Video Conferencing.

Governance Neutral

2026-07-31 18:13

- Shri Vegi Ramu Naidu, Executive Director (Civil), has been relieved from services due to superannuation on July 31, 2026. - He ceases to be part of Senior Management effective August 01, 2026.

Governance Neutral

2026-07-30 15:52

- Shri Manish Agarwal, Pr. Executive Director (Mechanical), ceases to be part of Senior Management due to repatriation. - Relieved from services effective July 30, 2026, to assume role as General Manager, Integral Coach Factory, Chennai.

Governance Neutral

2026-07-29 18:54

- Shri BRSLN Murty has been promoted and appointed as Executive Director (Civil), Nagpur, with effect from July 29, 2026. His term is till superannuation. - He will continue as Executive Director/Civil In-charge of the Yavatmal-Nanded New Line Project. - The promotion is in the IDA Pay Scale of ₹1,50,000–3,00,000 (Revised).

Business Update Positive

2026-07-28 18:24

- Order Win: Rail Vikas Nigam Limited (RVNL) received a Letter of Acceptance from East Central Railway for construction work. - Order Value: ₹358.97 Crores (including 18% GST). - Completion Timeline: 1095 Days. - Nature of Work: Doubling work including earth work, blanketing, bridges, station & building work, platform work, and miscellaneous works for 41.04 km in the Sitamarhi-Raxaul section.

Governance Positive

2026-07-28 16:52

- Intimation for the 23rd Annual General Meeting (AGM) of Rail Vikas Nigam Limited (RVNL) on Tuesday, August 25, 2026, at 11:00 AM (IST) through Video Conferencing/Other Audio-Visual Means. - The Record Date for the final dividend, if declared at the AGM, and cut-off date for E-voting is Tuesday, August 18, 2026. - Book Closure will be from August 19, 2026, to August 25, 2026. - Remote E-voting will commence on August 22, 2026, and end on August 24, 2026.

Governance Neutral

2026-07-28 16:42

- Intimation for the 23rd Annual General Meeting (AGM) of Rail Vikas Nigam Limited (RVNL). - AGM Date & Time: Tuesday, 25th August, 2026 at 11:00 AM (IST) through Video Conferencing/Other Audio-Visual Means. - Record Date for Final Dividend: Tuesday, 18th August, 2026. - Remote E-voting schedule: Commences on August 22, 2026 (09:00 AM IST) and ends on August 24, 2026 (05:00 PM IST). - Dividend, if declared, will be paid within 30 days from the conclusion of the AGM.

Governance Negative

2026-07-25 13:15

CRITICAL RED FLAG DETECTED

- RVNL fined by NSE & BSE for non-compliance with SEBI LODR Regulations regarding Board composition, specifically lack of Independent Directors for quarters ended December 31, 2025, and March 31, 2026. - The company states it is continuously following up with the Ministry of Railways for the appointment of Independent Directors, as it has no role in the appointment process.

Governance Neutral

2026-07-25 12:50

- Board Meeting held on July 25, 2026. - Approved closure of wholly-owned subsidiary "RVNL Infra South Africa". - Extended Internal Auditor's contract (M/s. Ravi Rajan & Co. LLP) for six months till Sep 30, 2026. - Appointed M/s. R.M. Bansal & Co. as Cost Auditor for FY 2026-27.

Business Update Positive

2026-07-20 14:21

- Order Win: Rail Vikas Nigam Limited emerged as the Lowest Bidder (L1) from East Central Railway for construction of doubling work. - Order Value: ₹358.97 Crores (including 18% GST). - Completion Timeline: 1095 Days.

Business Update Positive

2026-07-17 14:06

- Order Win (MoU): Rail Vikas Nigam Limited (RVNL) has signed a Memorandum of Understanding (MoU) with the Government of Goa (GoG). - Objective: The MoU is for cooperation in the development and implementation of infrastructure projects in the State of Goa. - Role: RVNL will serve as the Project Executing Agency for these projects.

Governance Positive

2026-07-15 17:49

- Shri Jay Singh has been appointed as Executive Director (S&T) of Rail Vikas Nigam Limited (RVNL), effective July 15, 2026. He brings over 27 years of experience in Signalling & Telecommunication systems, strengthening the Senior Management Personnel.

Governance Neutral

2026-07-13 17:07

- Shri Suyash Trivedi has been appointed as Executive Director (Civil), Kolkata, effective from July 13, 2026. - He brings over 29 years of executive leadership experience in Civil Engineering and Infrastructure from various public sector organizations.

Ownership Neutral

2026-06-25 16:12

- Trading window closed for Designated persons/Insiders and their immediate relatives from July 1, 2026. - It will remain closed until 48 hours after the announcement of financial results for the quarter ended June 30, 2026. - The date of the Board meeting for considering financial results will be intimated in due course.

Business Update Positive

2026-06-20 09:00

- Order Win: Rail Vikas Nigam Limited (RVNL) won an order from NMDC Limited - Order Value: ₹2977 Cr. (including GST @ 18%) - Completion Timeline: 42 months

Business Update Positive

2026-06-17 18:52

- Order Win: Rail Vikas Nigam Limited won an order from East Coast Railway. - Order Value: ₹967.92 Crore (including 18% GST). - Completion Timeline: 1095 days. - Project Details: Construction of 3rd and 4th railway lines between Nergundi-Barang (22Km) and Khurda Road-Vizianagaram (363Km) on the Bhadrak-Vizianagaram section, including several important bridges, on an EPC (Engineering, Procurement, and Construction) mode.

Business Update Positive

2026-06-08 17:33

- Order Win: Rail Vikas Nigam Limited won order from South East Central Railway - Order Value: ₹221.33 Cr. - Completion Timeline: 730 Days

Business Update Neutral

2026-06-02 12:47

- Management acknowledged Q4 FY26 saw profitability pressure and declined EBITDA/PAT, attributing it to onerous contracts and reconciliation adjustments. However, consolidated turnover grew 2.45% YoY. - The company maintains a strong and diversified order book of INR 99,262 crores as of March 31, 2026, providing multiyear execution visibility. - Management expects revenue growth of 15-20% and improved margins for FY27, with Q1 FY27 potentially being slightly challenging for margins. - Key ongoing projects include BharatNet (INR 13,236 Cr, 15% physical progress), Rishikesh Karnaprayag Rail (INR 37,000 Cr, 74% progress), and Vande Bharat sleeper train sets (INR 14,400 Cr, prototype by Dec 2026, delivery in 5 years). - An interim dividend of INR 208 crores was paid, and a final dividend of INR 148.03 crores has been proposed.

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.

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