Rail Vikas Nigam Limited has informed the Exchange about Receipt of Letter of Acceptance (LOA) from South Central Railway.
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance from South Central Railway for upgrading the overhead electrification (OHE) system from 1x25kV to 2x25kV in the Duvvada-Rajahmundry and Samalkot-Kakinada Port section of the Vijayawada Division. The project covers 195.5 RKM/391 TKM and includes design, supply, erection, testing, and commissioning. The contract is valued at approximately Rs 213.22 crore (inclusive of taxes) and is to be completed within 24 months. The order has been awarded by a domestic government entity (South Central Railway) and is part of RVNL's normal course of business, with no related-party involvement.
This is a routine order win for RVNL from a government railway entity, adding to its existing order book. At ~Rs 213 crore, it is a moderate-sized contract that supports steady revenue but is unlikely to be a major stock-moving event on its own.