RVNL Secures ₹903 Crore EPC Contract for Buxar Thermal Power Project
Rail Vikas Nigam Limited (RVNL) received a Letter of Award from SJVN Thermal Private Limited for the construction of a permanent siding and aerial connection for the 1320 MW Buxar Thermal Power Project. The contract is valued at ₹903 crore and is to be executed in 36 months.
The order value of over ₹900 crore represents a substantial addition to the company's order book, indicating a significant impact on its future revenue and growth.
The company has secured a significant new order, which is positive for its business outlook and revenue generation.
Rail Vikas Nigam Limited (RVNL) has announced the receipt of a Letter of Award from SJVN Thermal Private Limited, a wholly owned subsidiary of SJVN Limited. The contract pertains to the construction of a permanent siding along with an aerial connection via track from the Plant Boundary to Chausa and Pawani Kamarpur at Buxar (Phase-III) in Bihar.
This project is for the 1320 MW Buxar Thermal Power Project (BTPP) and is valued at ₹903,00,68,492 (Indian Rupees Nine Hundred Three Crore Sixty-Eight Thousand Four Hundred Ninety-Two Rupees Only), including GST. The work is to be executed within a period of 36 months and falls within the normal course of RVNL's business.
The company has confirmed that this contract is with a domestic entity and does not involve related party transactions. RVNL is a key player in railway infrastructure development and has secured this significant order in the power sector.
A plain-language summary of a public exchange filing by Rail Vikas Nigam Limited. Read the original for the full detail.
