Rail Vikas Nigam Limited Wins ₹758.07 Crore Contract for Railway Siding and Capacity Expansion from NMDC
Rail Vikas Nigam Limited (RVNL) has secured a Letter of Award (LoA) from NMDC Limited for a comprehensive railway infrastructure project. The contract covers the development of Railway Siding near Padapur Village and associated civil works for capacity expansion at Bacheli.The awarded contract involves significant scope, including PWD road diversion, associated civil works, and multiple professional services. These services encompass the Preparation of Feasibility Study Report (FSR), Detailed Project Report (DPR), Detailed Engineering, Execution, and Project Management Consultancy (PMC) Services for the Capacity Expansion of Bacheli.
Contract Details
The contract, awarded by a domestic entity, has a total size of ₹ 758.07 crores (Rupees Seven Hundred Fifty Eight Crores Seven Lakhs Only), including GST at 18%. The scope of work is categorized under the Development of Railway Siding near Padapur Village along with Bridges and associated Civil Works.The project timeline for execution has been set at 36 months.
A detailed summary of the contract awarded by NMDC Limited is provided below:
| Parameter | Details |
|---|---|
| Awarding Entity | NMDC Limited |
| Nature of Contract | Development of Railway Siding near Padapur Village along with Bridges, PWD road diversion, associated Civil Works etc. including Preparation of Feasibility Study Report (FSR), Detailed Project Report (DPR), Detailed Engineering, Execution and Project Management Consultancy (PMC) Services for Capacity Expansion of Bacheli |
| Scope Type | Domestic Entity / Domestic |
| Contract Value | ₹ 758.07 crores (Rupees Seven Hundred Fifty Eight Crores Seven Lakhs Only), including GST (@, 18%) |
| Execution Period | 36 Months |
The company stated that this work falls within its normal course of business operations.
RVNL Stock Price Movement
Shares of Rail Vikas Nigam Limited are edging higher to ₹272.85 as of 2:07 PM, gaining 0.78% in live trading. The stock's upward momentum is supported by robust activity, which has seen 5.59 million shares transacted 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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