Rail Vikas Nigam gets LOA from IRCON for INR1.79B order

Rail Vikas Nigam gets LOA from IRCON for INR1.79B order

Rail Vikas Nigam (RVNL) has received a Letter of Acceptance (LoA) from IRCON International Limited for a significant contract valued at INR 1.79 billion. This latest development underscores RVNL's growing role in the Indian railway infrastructure sector, as well as its increasing competitiveness in the market.

The contract, awarded by IRCON, involves the installation of video surveillance systems at 441 D and E category stations, and the upgrade of systems at 43 A1 to C category stations. The project is expected to be completed over an 18-month period and is part of RVNL's ongoing efforts to enhance surveillance infrastructure across the Indian railway network [3].

This latest contract follows a series of significant developments for RVNL. In August 2025, the company was awarded a contract for Package CA-233 of Mumbai Metro Line 6 (Pink Line) by the Mumbai Metropolitan Region Development Authority (MMRDA), with a contract value of INR 642.4 crore [2]. Additionally, RVNL has been actively diversifying its portfolio, expanding into non-railway sectors such as telecoms, solar energy, and irrigation, while remaining a key player in railway-centric projects like metro systems and electrification upgrades [4].

The award of the INR 1.79 billion contract further demonstrates RVNL's ability to secure large-scale projects, which is crucial for its growth strategy. The company aims to double its size within the next five years, with a focus on expanding its international operations [4]. This latest contract is a significant step towards achieving that goal.

References:
[1] https://www.business-standard.com/markets/capital-market-news/board-of-rail-vikas-nigam-notes-change-in-shareholding-of-jv-kinet-railway-solutions-125081201784_1.html
[2] https://indiarailinfo.com/blog/post/ircon-receives-loa-worth-642-cr-for-package-ca-233-of-mumbai-metro-line-6-news/6768784
[3] https://www.business-standard.com/markets/capital-market-news/rvnl-bags-rs-91-crore-from-southern-railway-order-for-video-surveillance-at-484-stations-125081400610_1.html
[4] https://businessindia.co/magazine/cover-feature/rvnls-multiple-tracks-journey-2