Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from East Coast Railway- Normal course of business of the Company.
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder (L1) for a major railway infrastructure project from East Coast Railway. The project involves constructing 3rd and 4th railway lines spanning 385 km between Nergundi-Barang and Khurda Road-Vizianagaram sections, along with 4 major bridge constructions over rivers Birupa, Mahanadi, Kathjori, and Kuakhai. The contract is valued at INR 967.93 crore (including 18% GST) and will be executed on EPC (Engineering, Procurement, and Construction) mode over a period of 3 years. This is a domestic order awarded by a government entity and is part of normal business operations.
Winning this INR 968 crore contract represents a significant order book addition for RVNL, likely boosting revenue visibility for the next 3 years and indicating strong execution capabilities in railway infrastructure.