RVNL Secured Mega Contract from East Coast Railway for Bhadrak-Vizianagaram Rail Infrastructure
Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for a significant infrastructure project awarded by the East Coast Railway. The contract encompasses the development of vital rail lines and the construction of multiple major bridges along the Bhadrak-Vizianagaram section.The awarded contract details the implementation of the 3rd and 4th lines, covering the segment between Nergundi-Barang (22Km) and Khurda Road-Vizianagaram (363Km) on the total Bhadrak-Vizianagaram section of 385Km. The project scope also includes the construction of four critical bridges utilizing the EPC mode.
The awarded contract has the following key details:
| Feature | Detail |
|---|---|
| Awarding Entity | East Coast Railway |
| Project Scope | 3rd and 4th line between Nergundi-Barang (22Km) and Khurda Road-Vizianagaram (363Km) on Bhadrak-Vizianagaram section (385Km) |
| Specific Works | Construction of important Bridges Nos. 539, 544, 553, and 557 (Open Web Steel Girders over rivers Birupa, Mahanadi, Kathjori, and Kuakhai, respectively) |
| Nature of Contract | EPC mode |
| Contract Value | INR 967,92,66,661.70/- |
| Contract Duration | 03 (Three) Years |
| Origin | Domestic Entity |
The total consideration for the contract is reported as INR 967,92,66,661.70/-, which includes 18% GST. The work falls under the general contract conditions set by the East Coast Railway. This infrastructure project represents a material expansion in the normal course of business for Rail Vikas Nigam Limited.
RVNL Stock Price Movement
Today, Rail Vikas Nigam Limited shares closed higher, gaining 2.58% to settle at ₹293.89. The equity saw strong institutional interest throughout the session, recording a robust trading volume of 16.53 million shares.Source:
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