Rail Vikas Nigam Limited Secures Contract Worth Rs 967 Crore from East Coast Railway for Major Bridge Construction Project
Rail Vikas Nigam Limited (RVNL) has secured a contract valued at Rs 967,92,66,661.70 from East Coast Railway. The agreement involves the construction of important bridges as part of the 3rd and 4th line expansion between Nergundi-Barang and Khurda Road-Vizianagaram along the Bhadrak-Vizianagaram section.The project, awarded in EPC mode, encompasses several infrastructure developments across a total span of 385Km.
Key details regarding the contract include:
| Particulars | Details of Projects |
|---|---|
| Awarding Entity | East Coast Railway |
| Nature of Contract | 3rd and 4th line between Nergundi-Barang (22Km) and Khurda Road-Vizianagaram (363Km) on Bhadrak-Vizianagaram section (385Km). |
| Scope of Work | Construction of important Bridge nos. 539 (16x30.5m Open Web Steel Girder over river Birupa at ch.402521m), 544 (32x65.84m Open Web Steel Girder over river Mahanadi at ch.406305m), 553 (18x45.70m Open Web Steel Girder over river Kathjori at ch.411589m), and 557 (20x45.70m Open Web Steel Girder over river Kuakhai at ch.414607m). |
| Contract Value | Rs 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), including 18% GST. |
| Execution Timeline | 1095 days. |
The project is categorized as a domestic order and falls within the normal course of business for Rail Vikas Nigam Limited. The contract terms include General Contract Conditions, and RVNL confirmed that it holds no interest in East Coast Railway regarding this engagement, nor would the transaction constitute a related party transaction.
RVNL Stock Price Movement
Rail Vikas Nigam Limited equity gained today, climbing 1.85% to settle at ₹245.14 in post-market activity. The stock traded with a volume of 7.04 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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