RVNL Secures ₹758 Crore Contract from NMDC for Railway Siding Development
RVNL received a Letter of Award from NMDC Limited for the development of a railway siding and related civil works. The contract is valued at ₹758.07 crore and has an execution period of 36 months. This is a significant new order for the company.
The order value of ₹758.07 crore is substantial and is expected to contribute positively to the company's revenue and order book, impacting its financial performance.
The company has secured a new order, which is a positive development indicating business growth and expansion.
Rail Vikas Nigam Limited (RVNL) has announced the receipt of a Letter of Award (LOA) from NMDC Limited for the development of a railway siding near Padapur Village. This project includes the construction of bridges, PWD road diversion, associated civil works, and comprehensive services for capacity expansion of Bacheli.
The scope of work encompasses the preparation of a Feasibility Study Report (FSR), Detailed Project Report (DPR), detailed engineering, execution, and Project Management Consultancy (PMC) services.
The contract, awarded by a domestic entity, is valued at ₹758.07 crore, including GST at 18%. The execution period for this project is stipulated to be 36 months.
This award falls within the normal course of business for RVNL, a government of India enterprise.
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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.