RVNL's order inflows in H1 FY26 totaled Rs 20 billion, with management targeting Rs 80– 100 billion of new wins in FY26 from a bidding pipeline of Rs 750–800 billion. (Photo Source: RVNL website) RVNL’s order book stood at around Rs 900 billion as of Q2 FY26, providing three–four years of revenue visibility. Moreover, Rs 430 billion relates to legacy railway projects, while Rs 460 billion comprises competitively bid contracts.

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