On Wednesday, February 18, 2026, Rail Vikas Nigam Ltd. (RVNL) announced it has secured a major contract worth ₹1,200 crore from Northern Railway. The project involves building a significant new bridge over the Ganga river and must be completed within four years.
Project Details: The New Ganga Bridge
The contract focuses on the design and construction of a new rail-cum-road bridge (Bridge No. 11) near Kashi Railway Station. This new structure will sit 50 meters downstream from the existing Malviya Bridge.
The project is highly technical and includes:
- Lower Deck: Four railway tracks for increased train capacity.
- Upper Deck: A six-lane road to improve vehicle traffic.
- Infrastructure: Building both the substructure and superstructure, along with railway and road approaches.
- Electrical Work: Overhead Equipment (OHE) and general electrical works within the Lucknow Division at Varanasi.
The project will be executed through a joint venture with GPT Infraprojects Ltd., which holds a 40% stake in the deal.
RVNL’s Growing Order Book
As of December 2025, state-owned RVNL maintains a massive consolidated order book of ₹87,000 crore. This includes ₹40,000 crore in assigned railway projects and ₹47,000 crore in work won through competitive bidding.
During a recent call with analysts, Chairman and Managing Director Saleem Ahmad shared the company’s roadmap: “In the next three years, we already have almost ₹40,000 crore of railway works. Our first focus is to complete those projects, which will bring in an annual income of roughly ₹10,000 crore to ₹11,000 crore. At the same time, we will continue to bid for new projects.”
Market Reaction
Following the news, RVNL shares closed flat at ₹308.7 each on the NSE. While the benchmark Nifty rose by 0.3%, RVNL’s stock has seen a 7% decline over the last 12 months.
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