Rail Vikas Nigam Ltd

Rail Vikas Nigam Ltd (RVNL) has issued a statement regarding fines imposed by NSE and BSE for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning the composition of its Board of Directors and Committees for the quarters ended December 31, 2025, and March 31, 2026. The Board, in its meeting on July 25, 2026, deliberated on the matter. RVNL highlighted that it is actively pursuing the Ministry of Railways for the appointment of Independent Directors, including a woman Independent Director, to fill existing vacancies. As a government company, RVNL stated it has no direct role in the appointment process.

Rail Vikas Nigam Limited (RVNL) announced that its Board of Directors, in a meeting held on July 25, 2026, approved the closure of its wholly-owned subsidiary, "RVNL Infra South Africa," located in South Africa. The board also approved the extension of the contract for M/s. Ravi Rajan & Co. LLP as Internal Auditor for another six months, until September 30, 2026. Additionally, M/s. R.M. Bansal & Co., Cost Accountants, were appointed as the Cost Auditor for the financial year 2026-27. The meeting commenced at 11:00 AM and concluded at 12:20 PM.

Rail Vikas Nigam Limited (RVNL) has been declared the Lowest Bidder (L1) by East Central Railway for a significant infrastructure project. The contract involves the construction of doubling work, including earthwork, blanketing, bridges, station buildings, and platform work, spanning 41.04 km from Kundawa Chainpur to Raxaul. The project is valued at INR 358,97,42,420.53 (approximately ₹359 crores), inclusive of 18% GST, and is to be executed within 1095 days. This award is considered a normal course of business for RVNL and does not involve related party transactions.

Rail Vikas Nigam Limited (RVNL) has entered into a Memorandum of Understanding (MoU) with the Government of Goa (GoG). This agreement aims to foster cooperation in the development and implementation of infrastructure projects within the State of Goa. Under the MoU, RVNL will act as the Project Executing Agency, working on mutually agreed terms for project identification and implementation. This partnership is expected to accelerate infrastructure development in Goa.

Rail Vikas Nigam Ltd (RVNL) has announced the appointment of Shri Jay Singh as Executive Director (S&T), effective July 15, 2026. Mr. Singh, an Indian Railway officer from the 1997 batch, brings over 27 years of experience in Signalling & Telecommunication systems, including significant roles in metro rail projects. His appointment is on an immediate absorption basis. This change is considered part of the Senior Management Personnel of the company. The filing includes declarations and the office order of appointment.

Rail Vikas Nigam Ltd (RVNL) has announced the appointment of Shri Suyash Trivedi as Executive Director (Civil), Kolkata, effective July 13, 2026. Mr. Trivedi brings over 29 years of experience in Civil Engineering and Infrastructure, having held senior positions in organizations like Engineers India Limited, Military Engineer Services, Delhi Metro Rail Corporation, and Mumbai Metro Rail Corporation. His appointment is on an immediate absorption basis, and he will serve until superannuation. This change is considered part of the Senior Management Personnel of the company.

Rail Vikas Nigam Ltd (RVNL) has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from Wednesday, July 1, 2026, until 48 hours after the declaration of financial results for the quarter ended June 30, 2026. The specific date for the board meeting to consider these financial results will be communicated later. The company's Insider Trading Code is available on its website.

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from NMDC Limited for the "Setting up of Buffer Stockpiles & Blending Yard of 10 MTPA handling capacity at Vizag, Andhra Pradesh". The contract, valued at ₹2977 Crores including GST, is to be executed within 42 months. This project falls within RVNL's normal course of business. The company has provided a declaration as per SEBI Master Circular, confirming no promoter or group company interest in NMDC and that the transaction is not a related party transaction.

Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from East Coast Railway for a significant infrastructure project. The contract involves the construction of 3rd and 4th lines between Nergundi-Barang and Khurda Road-Vizianagaram sections, spanning 385 Km. This includes the construction of four major bridges on an EPC mode. The project is valued at approximately ₹967.93 crore (including 18% GST) and is to be executed within 1095 days. This order falls within the normal course of RVNL's business and is a domestic contract.

Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from South East Central Railway for a project valued at ₹221.33 crore. The project involves the replacement of panel interlocking with electronic interlocking, along with associated indoor and outdoor works, construction, and electrification of S&T service buildings. This contract is in the normal course of business for RVNL and is expected to be executed within 730 days. The order is from a domestic entity and does not involve any interest from the promoter or group companies.