Rail Vikas Nigam Limited Awarded Contract by NMDC for Buffer Stockpile and Blending Yard Project
Rail Vikas Nigam Limited (RVNL) has secured a contract from NMDC Limited for a project involving infrastructure development in Andhra Pradesh. The award pertains to setting up a Buffer Stockpile and Blending Yard with a 10 MTPA handling capacity located at Vizag, Andhra Pradesh.The contract signing marks an operational expansion for RVNL. The scope of work—setting up the specified facility—is described as being within the normal course of business operations for Rail Vikas Nigam Limited.
This project involves establishing key storage and processing infrastructure to support NMDC Limited's operations in the region, boosting the capacity with a 10 MTPA handling capability at the Vizag site.
RVNL Stock Price Movement
Rail Vikas Nigam Limited (RVNL) shares slipped on Friday, closing at ₹243.99 after shedding 1.32% from the previous close. The stock recorded a trading volume of 5.47 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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