Financial Highlights – Rail Vikas Nigam Limited (NSE: RVNL) Secures ₹270.22 Crore EPC Order; Order Book Near ₹87,000 Crore

• ₹270.22 crore EPC contract received from Central Railway for a 220/132/55 KV Traction Substation project in the Daund–Solapur section.
• Project includes design, supply, erection, testing and commissioning of TSS, SPs and SSPs under a 2 x 25 KV traction system.
• Execution timeline set at 24 months, awarded under standard contract conditions.
• Q3 FY26 net profit rose to ₹324 crore (+4% YoY); revenue increased 6% to ₹4,684 crore.
• Declared ₹1 per share interim dividend, record date February 11, 2026.
• Additional wins include ₹371.69 crore NMDC township project and a ₹1,201 crore bridge contract with Northern Railway (JV).
• Order book remains strong at approximately ₹87,000 crore.
• Shares closed at ₹321.65 (NSE) on February 24, 2026.

Rail Vikas Nigam Limited (NSE: RVNL)

Rail Vikas Nigam Limited (NSE: RVNL) advanced 0.79% on 26 February 2026 to trade near ₹320.10, reflecting measured movement amid steady execution momentum. The company maintains a strong order book of around ₹87,000 crore, supporting revenue visibility across upcoming quarters. Recent EPC wins and continued railway infrastructure expansion reinforce operational stability. With ongoing electrification, bridge, and traction projects under implementation, execution traction remains intact. Backed by government-led railway modernisation and capital expenditure, RVNL’s broader business structure remains supported by consistent project inflows and disciplined operational progress.

Rail Vikas Nigam Limited Bags New Railway EPC Order — Strengthening Execution Visibility?

Rail Vikas Nigam Limited (NSE: RVNL) has secured a Letter of Acceptance from Central Railway for a traction substation project under the Daund–Solapur section, to be executed on an EPC basis within a defined timeline. The contract falls within its core railway electrification segment and aligns with ongoing capacity enhancement goals. The company recently reported steady quarterly earnings growth with stable revenue expansion, supporting operational continuity. With a robust order pipeline and disciplined execution, overall business momentum remains structurally supported.

Technical View: Rail Vikas Nigam Limited Support Repeatedly Tested — Is Momentum Shifting?

From a technical perspective, Rail Vikas Nigam Limited (NSE: RVNL) is trading at ₹320.10, staying below its 50-day SMA at ₹330.82, which continues to act as an immediate resistance level. The stock has repeatedly tested the support region and appears to have formed a base, indicating a potential short-term rebound. Momentum remains neutral, with the RSI at 49.87, reflecting balanced conditions. Immediate support is positioned near ₹290.00, followed by ₹260.00, while resistance is seen in the ₹350.00–₹400.00 range. A decisive move above the moving average may improve the near-term structure; otherwise, range-bound consolidation could continue.

Bottom Line: RVNL 20% Slide — Consolidation Before Recovery?

Despite a near 20% correction in 90 days, Rail Vikas Nigam Limited continues to report steady earnings growth and strong order inflows. With an order book near ₹87,000 crore and ongoing EPC execution, fundamentals remain stable. Near-term movement may stay range-bound unless resistance levels are decisively reclaimed.