On Friday morning, RVNL (Rail Vikas Nigam Limited) witnessed a notable rise in its share price, gaining approximately 3% during intraday trading. This surge followed the company’s announcement of signing a significant project agreement with Bharat Sanchar Nigam Limited (BSNL). The agreement was signed as part of a consortium that includes HFCL and Aerial Telecom Solutions Pvt. Ltd., highlighting a strategic collaboration aimed at executing the BSNL project effectively.
At the start of the trading session on the Bombay Stock Exchange (BSE), RVNL shares opened at ₹378.65, slightly below the previous closing price of ₹381.35. However, as the trading progressed, the stock gained momentum and climbed to an intraday high of ₹392.75, marking an increase of nearly 3% from the opening levels.
This upward movement in RVNL’s stock reflects positive investor sentiment following the announcement of the new project deal, which could potentially strengthen the company’s position in the infrastructure sector.
The share price of Rail Vikas Nigam Limited (RVNL) has seen a significant increase of over 16%, driven by a series of strong order inflow announcements made by the company. These recent developments have boosted investor confidence, as the influx of new projects is expected to enhance the company’s revenue prospects and strengthen its position in the infrastructure sector. The consistent stream of fresh orders highlights RVNL’s growing presence and competitiveness in securing major contracts, which has contributed to the upward momentum in its stock performance.
On February 20, 2024, after market hours, Rail Vikas Nigam Limited (RVNL) informed the stock exchanges about the signing of a significant agreement related to the Bharat Sanchar Nigam Limited (BSNL) project. The announcement detailed that RVNL, in collaboration with its consortium partners—M/s HFCL Limited and Aerial Telecom Solutions Pvt. Ltd.—has officially entered into a Project Implementation Agency (PIA) Agreement with BSNL.
The agreement pertains to two specific packages under the BSNL tender: Package-6 for the Uttar Pradesh (West) region and Package-3 for the Uttar Pradesh (East) region. This partnership marks an important milestone for RVNL, as it underscores the company’s growing involvement in major telecom infrastructure projects across key regions in India. The deal is expected to contribute positively to the execution and expansion of BSNL’s network infrastructure, further enhancing RVNL’s presence in the sector.
On February 18, 2025, Rail Vikas Nigam Limited (RVNL) announced that it had received a Letter of Acceptance from the Rail Infrastructure Development Company (Karnataka) Limited, commonly known as K-RIDE. This development marks a significant achievement for RVNL, as it secures a substantial project under the Bengaluru Suburban Rail Project (BSRP).
The total value of the order stands at ₹554.46 crore, highlighting the scale and importance of the contract. As part of the project, RVNL will be responsible for constructing nine stations in total. Of these, one station will be an elevated structure, while the remaining eight will be standard ground-level stations. This project is a key component of the broader effort to enhance suburban rail connectivity in Bengaluru, aiming to improve transportation infrastructure and ease traffic congestion in the city’s growing urban landscape.
The Bengaluru Suburban Rail Project (BSRP) awarded to Rail Vikas Nigam Limited (RVNL) encompasses the construction of nine stations at key locations across the city. These stations are planned at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, and Kaggadasapura. Each of these stations will play a vital role in enhancing suburban rail connectivity and improving commuter access across Bengaluru’s expanding metropolitan area.
In addition to station construction, the project involves a comprehensive range of works. This includes civil and structural engineering tasks, development of entry and exit structures, installation of steel foot overbridges (FOBs), roof structures, and pre-engineered building (PEB) works. The scope also covers architectural finishes to ensure aesthetic and functional station designs, as well as electrical and mechanical (E&M) works to support operational efficiency. Furthermore, RVNL will be responsible for the detailed design and engineering of all associated components, ensuring that the project meets modern infrastructure standards and serves the city’s growing transportation needs effectively.
The Bengaluru Suburban Rail Project (BSRP) station construction order, awarded to Rail Vikas Nigam Limited (RVNL) in collaboration with its consortium partners, is expected to be completed within a stipulated timeframe of 24 months. According to the project agreement, Bharat Sanchar Nigam Limited (BSNL) will oversee the completion of the work within this two-year period.
The timeline covers the entire scope of the project, including the construction of nine stations at key locations, as well as associated civil, structural, architectural, and engineering works. This deadline reflects the project’s importance in enhancing Bengaluru’s suburban transportation infrastructure and aims to ensure timely delivery to meet the growing demands of the city’s commuters.