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.

Rail Vikas Nigam Limited (RVNL) has officially received the Letter of Award (LOA) from North Eastern Railway for a significant bridge construction project. The company disclosed this development under Regulation 30 of SEBI (LODR) Regulations, 2015, confirming the award of a contract valued at ₹165.04 crore.

Project Specifications

The awarded project involves the construction of substructure of Important Bridge No. 50 with comprehensive technical specifications:

The project is part of the doubling work between Gorakhpur Cantt and Valmikinagar section of North Eastern Railway, representing a crucial infrastructure development initiative.

Contract Details

The tender, identified as DYCE-CON-HQ-EPC-03-2025, was awarded by a domestic entity with general contract conditions applying. RVNL confirmed that the project falls within the normal course of business operations and does not involve any related party transactions.

Additional Portfolio Strength

Beyond this primary contract, RVNL has also secured another significant project worth ₹144.44 crore from South Central Railway. This complementary contract involves OHE upgradation work in the Ramgundam-Kazipet section with an 18-month execution timeline.

Regulatory Compliance

The company has fulfilled all disclosure requirements under SEBI regulations, providing comprehensive project details and confirming that neither promoters nor group companies have any interest in the awarding entity. The contract execution will be conducted at arm's length with standard commercial terms.

This official contract award reinforces RVNL's strong market position in railway infrastructure development and demonstrates the company's continued success in securing substantial government projects across different railway zones.