Rail Vikas Nigam Limited (RVNL) has secured a significant infrastructure contract worth ₹201.23 crores from East Coast Railway for establishing a wagon periodical overhaul (POH) workshop. The state-owned company emerged as the lowest bidder for this specialized railway maintenance facility project.

Project Specifications

The contract involves setting up a comprehensive wagon maintenance facility at Kantabanji with substantial operational capacity. The project represents a strategic investment in railway infrastructure maintenance capabilities.

Recent Contract Wins

This latest contract adds to RVNL's expanding project portfolio. Earlier in December, the company received a letter of acceptance from Southern Railway for a traction power project worth ₹145.35 crores. The Southern Railway project covers design, supply, erection, testing and commissioning of Scott-connected traction substations, power quality equipment, switching posts, a 2x25 kV feeding system, and SCADA systems in the Jolarpettai-Salem section.

Strategic Impact

The wagon workshop project aligns with Indian Railways' infrastructure modernization initiatives and supports the Mission 3000 MT freight-loading target. These contracts demonstrate RVNL's capability to execute specialized railway infrastructure projects while maintaining competitive positioning in the sector.

The company's success in securing these projects through competitive bidding reflects its operational efficiency and technical expertise in railway infrastructure development. Both projects fall under RVNL's normal course of business and involve no related-party transactions.

Rail Vikas Nigam Limited (RVNL) has now received four demand notices from tax authorities across different jurisdictions, with the latest being a ₹4.26 lakh notice from Hyderabad. The Government of India enterprise has informed stock exchanges about these regulatory developments as part of its compliance obligations under SEBI regulations, bringing the total demand notices to ₹9.41 crores.

Latest Hyderabad Demand Notice

RVNL received the most recent demand notice from the Office of the Deputy Commissioner Jurisdiction BEGUMPET STU3, Telangana State, Hyderabad. This notice pertains to FY 2021-22 and represents the smallest individual demand amount among all notices received.

Previous Demand Notices

Prior to the Hyderabad notice, RVNL had received three other demand notices. The largest was a ₹5.56 crore notice from Ahmedabad on December 23, 2025, followed by a ₹3.64 crore notice from Bengaluru and a ₹17.13 lakh service tax demand from Chennai, both received on December 22, 2025.

Regulatory Compliance and Disclosure

RVNL disclosed this information to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the declaration requirements as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company's Response and Impact Assessment

The company has assessed the impact of these demand notices on its operations and financial position. RVNL maintains that there is no material impact on financial, operational, or other activities of the company due to these orders.

The company emphasized that these orders are challengeable and indicated that the orders are being examined for further appropriate action. RVNL will pursue appeals with the appropriate appellate authorities to challenge all tax demands, following standard procedures for such regulatory matters.