BCPL Railway Infrastructure Limited has secured a substantial ₹86.64 million contract for overhead electrification work from Eastern Railway's Sealdah Division. The BSE-listed company announced receiving the Letter of Acceptance on January 9, 2026, for specialized railway infrastructure development work.

Contract Details and Specifications

The awarded project encompasses 25KV overhead electrification and allied electrical works specifically focused on the removal of in-between track OHE masts over Sealdah Division of Eastern Railway. The contract carries significant technical specifications and operational requirements.

Management Commentary

Chairman Aparesh Nandi expressed optimism about the contract win and future prospects. He highlighted the company's commitment to connecting different parts of the country, particularly the North East and rural regions, through railway infrastructure development. The management emphasized confidence in the pipeline of orders expected in the coming months.

Nandi noted the continuous flow of railway work including EPC orders, modification projects, new line construction, and addition of third and fourth lines to existing railway tracks. He expressed optimism about speed enhancement projects for existing railway lines and assured stakeholders of sustained workflow in the near future.

Company Profile and Expertise

BCPL Railway Infrastructure Limited, formerly known as Bapi Construction Electrical Engineering Private Limited, operates as a specialized railway infrastructure development company. The organization focuses on designing, drawing, supplying, erecting, and commissioning 25KV, 50 Hz single-phase traction overhead equipment.

Client Portfolio and Market Presence

The company maintains an extensive client base across multiple railway zones and industrial sectors. Key clients include various zones of Indian Railways such as Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, North Frontier Railway, East Central Railway, and Central Organisation For Railway Electrification (CORE).

Additionally, BCPL serves major public and private sector undertakings including:

• Rail Vikas Nigam Limited
• RITES Limited
• Essel Mining Industries Limited
• Adhunik Group
• Usha Martin Industries Limited
• Jindal Steel and Power Limited
• TATA Steel Limited
• Defence sector through Military Engineering Services

The contract represents the company's continued expansion in railway electrification projects and reinforces its position as a niche player in the railway infrastructure sector.

BCPL Railway Infrastructure shares surged 5% following the company's announcement of securing a significant contract from Eastern Railway. The stock reached a high of ₹75.93 compared to the previous day's closing price of ₹72.57, reflecting investor confidence in the new order win.

Contract Details and Scope

BCPL Railway Infrastructure has been awarded an ₹8.66 crore contract from Eastern Railway's Sealdah Division for executing 25 kV Overhead Electrification (OHE) and allied electrical works. The project specifically involves the removal of in-between track OHE masts and is scheduled for completion within 12 months.

Financial Performance Highlights

The company demonstrated robust financial growth in Q2 FY26, showcasing strong operational performance across key metrics.

Market Position and Valuation

With a market capitalization of ₹121 crores, BCPL Railway Infrastructure trades at a price-to-earnings ratio of 17.00, which compares favorably to the industry PE of 17.70. The company specializes in railway electrification projects, turnkey OHE projects, and other infrastructure works for railway and government entities.

Strategic Significance and Client Portfolio

The Eastern Railway contract reinforces BCPL's expertise in railway electrification, a specialized segment benefiting from sustained capital expenditure under Indian Railways' network modernization and speed upgrade programs. The company's established capabilities encompass designing, supplying, erecting, and commissioning traction overhead equipment.

BCPL maintains relationships with multiple Indian Railway zones and works with prominent organizations including:

• Railway PSUs: RVNL and RITES
• Private sector leaders: Tata Steel, UltraTech Cement, and Essel Mining
• Various railway zones across India

With nearly three decades of operational experience, the company is positioned to capitalize on ongoing railway electrification initiatives and infrastructure development projects, including third and fourth line additions and speed enhancement works across the Indian railway network.