RVNL Secures ₹404.88 Crore Order from East Coast Railway for 3rd Line Project
RVNL received a Letter of Acceptance from East Coast Railway for infrastructure works related to a 3rd line project. The order value is ₹404.88 crore and is to be executed within 912 days.
The order value is significant and contributes to the company's order book, impacting future revenue.
The company has secured a new order, which is positive for its business and revenue.
Rail Vikas Nigam Limited (RVNL) has announced the receipt of a Letter of Acceptance (LOA) from East Coast Railway for a significant infrastructure project. The order pertains to the execution of roadbed, minor and major bridges, RUBs/LHS, building works, supply of ballast, P. Way linking, and other allied works.
This project also includes utility shifting of S&T and electrification works, such as general service works, power supply arrangements, and shifting/modification of HT and LT lines. The scope covers the section between Khurda Road and Gangadharpur, in connection with the execution of the 3rd line project between Nergundi-Barang (22 km) and Khurda Road-Vizianagaram (363 km) on the Bhadrak-Vizianagaram Section (385 km).
The total value of this order is ₹404.88 crore (Rupees Four Hundred And Four Crore Eighty-Eight Lakh Eighteen Thousand Seven Hundred And Thirty-Eight Rupees Only), including GST. The execution period for this contract is 912 days. This award is considered to be in the normal course of the company's business.
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 medium impact: worth reading, rarely worth acting on by itself.
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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.