Rail Vikas Nigam Limited Secures Contract for Doubling of Sitamarhi-Raxaul Section
Rail Vikas Nigam Limited (RVNL) has secured a contract from the East Central Railway for significant infrastructure development work related to the doubling of the Sitamarhi-Raxaul section in Samastipur Division. The project encompasses various construction activities along the route, underscoring RVNL's growing role in national railway expansion.The Letter of Acceptance (LOA) awards RVNL the contract for constructing a comprehensive set of works, including earth work, blanketing, station and other building construction, platform work, minor bridges, major bridges, and LC work. The project focuses on doubling the section for 25T Indian Railway Standard Loading.
The scope of work covers approximately 41.04 km, specifically running from Kundawa Chainpur (excluding) to Raxaul (excluding), corresponding to Ch.145.500 to 186.540. This initiative is integral to the ongoing doubling efforts in the Samastipur Division of East Central Railway.
The contract details are as follows:
| Particulars | Details |
|---|---|
| Contracting Entity | East Central Railway (Domestic) |
| Nature of Work | Engineering, Procurement and Construction (EPC) for doubling work. |
| Project Scope | Construction including earth work, minor and major bridges, station buildings, platform work, and LC work. |
| Route Details | Kundawa Chainpur to Raxaul (41.04 km). |
| Contract Value | INR 358,97,42,420.53, including 18% GST. |
| Execution Period | 1095 Days. |
The project falls within the normal course of business operations for RVNL. The awarding entity, East Central Railway, is a domestic entity, and there are no reported conflicts or related party transactions concerning this contract.
RVNL Stock Price Movement
Today, shares of Rail Vikas Nigam Limited slipped 1.14% in post-market trading, closing the session at ₹221.34 after facing significant selling pressure. The stock traded against a backdrop of heavy activity, dipping close to its annual low of ₹220.16 amid volumes reaching over 3.46 million shares.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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