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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Price reaction · full curve 14 horizons · vs prior close

+0.9%1-day move

₹270.15

prior close

₹272.00

base price

In-mkt

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AI summary

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from NMDC Limited for developing a railway siding near Padapur Village in Bacheli. The contract worth ₹758.07 crore (including 18% GST) covers civil works including bridges, PWD road diversion, feasibility study, detailed project report, detailed engineering, execution, and project management consultancy services for capacity expansion. The contract duration is 36 months and is in the normal course of business. NMDC is a domestic government entity and the contract is not a related party transaction.

Likely market impact

The contract adds to RVNL's order book with a value of approximately ₹758 crore, representing meaningful revenue visibility over the next 3 years. This is positive for the infrastructure company's pipeline.