Rail Vikas Nigam Limited Wins Major EPC Contract for Doubling Sitamarhi-Raxaul Section
Rail Vikas Nigam Limited (RVNL) has secured a significant contract from East Central Railway, emerging as the Lowest Bidder (L1). The contract involves the construction and doubling of the Sitamarhi-Raxaul section in the Samastipur Division.The project encompasses the construction of critical railway infrastructure along 41.04 km of track, running from Kundawa Chainpur to Raxaul. The scope of work is extensive and includes all necessary components for the sectional doubling. These works cover earth work, blanketing, minor bridges, major bridges, station and other buildings, platform work, LC work, and various miscellaneous projects.
The contract awarded by East Central Railway is a domestic Engineering, Procurement and Construction (EPC) tender. The total consideration for this project stands at INR 358,97,42,420.53, including 18% GST. The execution period for the order has been set at 1095 days.
Key details of the awarded contract are presented in the table below:
| Detail | Information |
|---|---|
| Contract Awarder | East Central Railway |
| Project Nature | Construction of doubling work for Sitamarhi-Raxaul section |
| Geographical Scope | Kundawa Chainpur to Raxaul (41.04 km) |
| Contract Value | INR 358,97,42,420.53 (including 18% GST) |
| Execution Period | 1095 Days |
| Transaction Type | Domestic EPC Tender |
The contract pertains to the doubling of the Sitamarhi-Raxaul section and falls within RVNL's normal course of business operations. The transaction involves no related party interests from the entity awarding the order.
RVNL Stock Price Movement
Shares of Rail Vikas Nigam Limited are climbing slightly as of 2:33 PM, inching up to ₹226.5 with a 0.47% gain in live trading. The stock sees sustained interest amidst history where it has tested close to its 52-week low, executing trades involving nearly 2.9 million shares so far today.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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