Archive · 7 Sep 2026
RVNL Wins Rs 903 Crore Buxar Power Plant Contract
Rail Vikas Nigam Limited, or RVNL, builds railway infrastructure.
It received a new contract worth about Rs 903 crore.
The contract came from SJVN Thermal Private Limited.
RVNL will build a permanent railway siding and another track connection.
These tracks will connect a power plant with Chausa and Pawani Kamarpur in Bihar.
The power plant can produce 1,320 megawatts of electricity.
The work is expected to take 36 months.
RVNL also recently became the lowest bidder for another railway project worth Rs 404.88 crore.
Reports differed on the company’s share movement, with one citing a 2% gain and another describing the stock as flat intraday.
Rail Vikas Nigam Limited received a Letter of Award from SJVN Thermal Private Limited for a Rs 903.01 crore project.
The contract covers a permanent railway siding and an aerial track connection for the 1,320 MW Buxar Thermal Power Project.
The track connection will run from the plant boundary to Chausa and Pawani Kamarpur in Buxar, Bihar.
The project includes GST and is scheduled for completion within 36 months as part of RVNL’s normal business.
RVNL was also named the lowest bidder for a separate Rs 404.88 crore East Coast Railway project with a 30-month execution period.
- Who
- Rail Vikas Nigam Limited received the award from SJVN Thermal Private Limited, a wholly owned subsidiary of SJVN Limited.
- What
- RVNL will construct a permanent siding and an aerial track connection for the Buxar Thermal Power Project.
- When
- The project is scheduled for execution over 36 months; the separate East Coast Railway bid was reported the previous week.
- Where
- The work is in Buxar, Bihar, connecting the plant boundary with Chausa and Pawani Kamarpur.
- Why
- The contract will provide railway infrastructure connected to the 1,320 MW Buxar Thermal Power Project.
Positive Contract Interpretation
Cautious Market Interpretation
Business impact
Positive Contract Interpretation
The Rs 903.01 crore award adds a substantial railway-infrastructure project to RVNL’s order book and is part of its normal business.
Cautious Market Interpretation
The articles do not provide an assessment of profitability or the contract’s effect on future earnings.
Share-price response
Positive Contract Interpretation
One report said RVNL shares gained 2% after the order announcement.
Cautious Market Interpretation
Another report described the stock as flat intraday on September 7 and said it had fallen 35.44% over the previous year, showing a more cautious market picture.
- Order value
- Rs 903.01 crore, including GST
- Awarding company
- SJVN Thermal Private Limited
- Power project
- 1,320 MW Buxar Thermal Power Project
- Project location
- Buxar, Bihar
- Scope
- Permanent siding and aerial track connection
- Execution period
- 36 months
- Separate railway bid
- Rs 404.88 crore East Coast Railway project, with a 30-month execution period
