IRCON-RVNL Merger to Form 50k cr PSU

Market and industry whispers around the proposed IRCON-RVNL merger gained momentum, with analysts predicting it could form a â‚¹50,000 crore+ powerhouse PSU. Potential upsides include synergies in project execution (RVNL’s domestic speed complementing IRCON’s global EPC expertise), cost savings, and stronger positioning for mega contracts in Dedicated Freight Corridors and Vande Bharat expansions. Shares of IRCON, RVNL, and related firms like Titagarh Rail Systems rallied up to 4.35% amid the buzz, though skeptics caution it’s “preliminary talk” pending approvals. This reflects a growing trend of PSU consolidations in rail infrastructure to handle rising capex (₹2.65 lakh crore for 2026-27).