More Stories

Informist, Thursday, Aug. 13, 2026

 

--Rail Vikas: Execution will gather momentum in coming quarters 

--CONTEXT: Comments by Rail Vikas' mgmt in post-earnings analyst concall 

--Rail Vikas: Target bagging orders worth INR 200 bln-INR 220 bln in FY27 

--Rail Vikas: Looking to achieve 15% growth in topline, bottomline in FY27 

--Rail Vikas: To focus on West Asia, East Europe, Africa to grow business 

--Rail Vikas: Have bid for projects in Africa, Nepal, Israel 

--Rail Vikas: Working to achieve 15-20% margins from projects overseas 

--Rail Vikas: Not looking at debt from any sources for next 2-3 quarters 

--Rail Vikas: Total outstanding from Railways currently at INR 25 billion 

 

By Arundathi A R and Sunil Raghu

 

MUMBAI/AHAMEDABAD – Rail Vikas Nigam Ltd. aims to achieve 15% growth in its top line as well as bottom line for 2026-27(Apr-Jun), a senior official said. The target for FY27 would reflect continued business momentum and a positive growth outlook, the official said in a post-earnings conference call with investors and analysts on Thursday. The management of the company remains confident that its execution pace will gather further momentum in the coming quarters.

 

"The company is targeting work orders of around 20,000 crore (INR 200 billion) during this year, in addition to the existing order book, out of which approximately 5,000 crore (INR 50 billion) has already been received during quarter one (Apr-Jun)," Saleem Ahmad, chairman and managing director of the company, said. The company's order book remains strong and diversified, providing healthy multi-year execution visibility, he said.  

 

Rail Vikas' total order book as on Jun. 30 stood at INR 934.92 billion, the official said. The order inflow for the quarter was at INR 54.17 billion. The order book was primarily driven by railways with INR 580 billion, followed by finance and traffic at INR 120 billion, ports, roads, and highways at INR 36.51 billion, metros at INR 57 billion, and power and transmission at INR 40 billion, according to the management.

 

Rail Vikas plans to focus on West Asia, East Europe, and Africa inorder to grow its business. "We are already in the process of bidding in Africa also and we are in the process of bidding in all these areas and we have submitted bids in parts of Africa for power transmission lines, for railway projects, road projects," the official said. The company has also submitted bids in Nepal for hydropower projects and expressed interest for submitting bids in Israel, Tel Aviv metro and in Eastern European countries.

 

The management sees margins at 15-20% for overseas projects, notably from Georgia and Africa. In India, project margins will vary from 5% to 6%, according to the company official.