Share price of RVNL rises 3% on BSNL project agreement and strong order inflows

Market Performance

Rail Vikas Nigam Limited (RVNL) shares rose by 3% on Friday, February 21, following the company’s announcement of a project agreement with Bharat Sanchar Nigam Limited (BSNL). The stock opened at ₹378.65 on the BSE, slightly lower than the previous closing price of ₹381.35, before climbing to an intraday high of ₹392.75.

The RVNL share price has recently gained over 16%, driven by strong order inflows and business expansion initiatives.

Project Agreement with BSNL

On February 20, 2025, post-market hours, RVNL informed the exchanges about signing a Project Implementation Agency (PIA) Agreement for Package-6 (UP West) and Package-3 (UP East) of BSNL’s tender.

The agreement was executed as part of a consortium comprising:

• RVNL
• HFCL Limited
• Aerial Telecom Solutions Pvt. Ltd.

The collaboration aims to enhance telecom infrastructure and network expansion in the designated regions.

Recent Order Inflows

Apart from the BSNL project, RVNL secured a significant contract from Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) on February 18, 2025. The contract, valued at ₹554.46 crore, involves the construction of nine stations under the Bengaluru Suburban Rail Project (BSRP).

Key Project Details:

• Construction of one elevated station and eight ground-level stations
• Stations include Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, and Kaggadasapura
• Scope of work: Civil, structural, steel FOB, PEB, architectural finishes, E&M works, and detailed design & engineering.
• Project completion timeline: 24 months

Stock Price Trend

RVNL’s stock has demonstrated steady growth, reflecting strong business momentum:

• 16% gain over recent weeks
• Continued upward trend driven by robust order inflows and strategic partnerships

With ongoing infrastructure projects and new agreements, RVNL remains a key player in the railway and telecom infrastructure sectors.

SUMMARY

RVNL share price gained 3% after the company signed a project agreement with Bharat Sanchar Nigam Limited (BSNL) in consortium with HFCL and Aerial Telecom Solutions Pvt. Ltd. The agreement covers project implementation for telecom infrastructure in Uttar Pradesh (East and West). Additionally, RVNL recently secured a ₹554.46 crore contract from Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) for the construction of nine stations under the Bengaluru Suburban Rail Project. The company's stock has risen over 16% due to strong order inflows