Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Receipt of Letter of Award of Contract from NMDC Limited.
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from NMDC Limited for developing a railway siding near Padapur Village. The project includes construction of bridges, PWD road diversion, civil works, preparation of feasibility study report (FSR), detailed project report (DPR), detailed engineering, execution and project management consultancy services for capacity expansion at Bacheli. The contract value is Rs 758.07 crores (including 18% GST) with a completion timeline of 36 months. The contract is awarded by a domestic entity (NMDC Limited) and is in the normal course of business. RVNL has confirmed no related party interest in NMDC.
This is a positive development for RVNL as it secures a substantial contract worth Rs 758 crore, contributing to the company's order book. However, the contract value represents approximately 3-4% of RVNL's annual revenue, making it a moderate-sized win rather than a transformative deal.