RVNL Secures ₹1201 Crore Rail-Road Bridge Project from Northern Railway
Rail Vikas Nigam Limited (RVNL) has received an LOA from Northern Railway for a ₹1201.36 crore project to construct a new Rail Cum Road Bridge over the Ganga river in Varanasi. The project, to be executed in 48 months, involves a joint venture where RVNL holds a 60% share. This marks a significant new order for the company.
The order value of over ₹1200 crore is substantial and represents a significant addition to the company's order book, likely having a considerable impact on its financial performance and growth trajectory.
The company has secured a significant new order, which is generally positive for its business outlook and revenue prospects.
Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from Northern Railway for the design and construction of a new Rail Cum Road Bridge No. 11 over the river Ganga. The project is located 50 meters downstream of the existing old Malviya Bridge near Kashi Railway Station in Varanasi, Uttar Pradesh.
The scope of work includes the substructure and superstructure of the bridge, featuring an 8 X 108.5 m + 2 X 103.3 m Open Web Steel Girder design. This will accommodate four railway tracks on the lower deck and a six-lane road on the upper deck, along with associated OHE Works and General Electric works. The project is valued at ₹12,01,35,69,000 (Rupees Twelve Hundred One Crore Thirty-Five Lakh Sixty-Nine Thousand only), inclusive of all taxes.
RVNL holds a 60% share in this joint venture, with GPT Infraprojects Ltd. holding the remaining 40%. The order is expected to be executed within 48 months from the date of the LOA. This award falls within the normal course of business for RVNL.
What to do with a filing like this
Rail Vikas Nigam Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Rail Vikas Nigam Limited. Read the original for the full detail.