RVNL wins L1 status for East Coast Railway order worth Rs 404.88 crore
RVNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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RVNL has emerged as the Lowest Bidder (L1) for an East Coast Railway contract worth Rs 404.88 crore inclusive of GST. The scope covers roadbed, minor and major bridges, ballast supply, track linking, utility shifting, and electrification works between Khurda Road and Gangadharpur, linked to the 3rd line project on the 385 km Bhadrak-Vizianagaram section. Execution timeline is 30 months. The order is domestic and not a related party transaction.
Positive for order book and revenue visibility. Supports business as usual pipeline from Indian Railways arm, though size is modest relative to overall operations.