RVNL wins Rs 2,977 crore contract from NMDC for Vizag blending yard

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF

RVNL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.8%1-day move

₹243.87

prior close

₹249.00

base price

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AI summary

RVNL has received a Letter of Award from NMDC Limited, a Government of India Enterprise, for setting up a 10 MTPA capacity Buffer Stockpiles and Blending Yard at Vizag, Andhra Pradesh. The contract is worth Rs 2,977 crores including GST and is to be executed over 42 months. It is a domestic order in the normal course of business with no promoter or related party interest.

Likely market impact

Large order strengthens RVNL's order book and provides strong revenue visibility over the next 42 months.