RVNL Secures ₹967.93 Crore EPC Contract from East Coast Railway
RVNL received an LOA from East Coast Railway for ₹967.93 Crore. The project involves constructing 3rd and 4th lines and bridges over 385 Km. Execution is planned over 1095 days.
The order value is substantial, representing a significant addition to the company's order book and is expected to positively impact its future revenue and profitability.
The company has secured a significant new order, which is a positive development for its business.
Rail Vikas Nigam Limited (RVNL) has announced that it has received a Letter of Acceptance (LOA) from East Coast Railway for a significant project.
The contract involves the construction of the 3rd and 4th line between Nergundi-Barang (22 Km) and Khurda Road-Vizianagaram (363 Km) on the Bhadrak-Vizianagaram section (385 Km). This includes the construction of several important bridges, such as Bridge nos. 539, 544, 553, and 557, over rivers Birupa, Mahanadi, Kathjori, and Kuakhai, respectively. The project is to be executed on an Engineering, Procurement, and Construction (EPC) mode.
The total value of the order is ₹967,92,66,661.70 (Rupees Nine Hundred and Sixty-Seven Crore Ninety-Two Lakh Sixty-Six Thousand Six Hundred and Sixty-One Rupees and Seventy Paise Only), inclusive of 18% GST. The execution period for this contract is 1095 days. This order falls within the normal course of business for RVNL, and it is a domestic contract awarded by East Coast Railway.
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.