Rs 99,262 Crore Order Book: Navratna PSU Secures Rs 2,977 Crore NMDC Contract For 10 MTPA Blending Yard Project
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RVNL received a Letter of Award from NMDC Limited for setting up buffer stockpiles and a 10 MTPA blending yard at Vizag, Andhra Pradesh, with an execution timeline of 42 months.
✨ Key Takeaways
On Monday, Indian equity benchmarks traded higher during the morning session, with the Nifty 50 rising 102.60 points, or 0.43 per cent, to 24,115.70. Amid the positive market sentiment, Rail Vikas Nigam (RVNL) share price jumps 1.86 per cent to Rs 248.54, up Rs 4.55 during the session.
RVNL Secures Rs 2,977 Crore NMDC Order
Rail Vikas Nigam Limited informed the exchanges that it has received a Letter of Award (LoA) from NMDC Limited for a project involving the establishment of buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum (MTPA) at Vizag, Andhra Pradesh.
The total contract value stands at Rs 2,977 crore, including Goods and Services Tax (GST) at 18 per cent. The project has been awarded under general contract conditions and falls within the normal course of RVNL's business operations.
Rail Vikas Nigam Project Details
The scope of work includes the design, development and execution of infrastructure required for setting up buffer stockpiles and a blending yard capable of handling up to 10 MTPA of material. The facility is expected to strengthen material handling and logistics capabilities at Vizag, one of India's key port-based industrial hubs.
According to the company, the project is scheduled to be completed within 42 months from the date of award, providing medium-term revenue visibility and adding a sizeable infrastructure project to the company's execution pipeline.
Also Read - Rs 99,262 Crore Order Book: Navratna PSU Secures Rs 968 Crore EPC Contract From East Coast Railway
Order Strengthens Infrastructure Portfolio
The latest contract further strengthens RVNL's order book and expands its presence in large-scale infrastructure projects beyond the railway sector. Over the years, the company has diversified its operations into metro rail, highways, ports, energy and logistics projects through competitive bidding across India and international markets.
The company clarified that neither its promoters nor group companies have any interest in NMDC Limited and that the contract does not qualify as a related-party transaction.
About Rail Vikas Nigam
Rail Vikas Nigam Ltd (RVNL) is a Schedule 'A' Navratna Public Sector Enterprise under the Ministry of Railways. Incorporated in 2003, the company undertakes rail infrastructure development projects on a turnkey basis and has gradually diversified into sectors such as highways, metro rail, ports, energy transmission and logistics infrastructure.
As of March 31, 2025, the President of India, acting through the Ministry of Railways, held a 72.84 per cent stake in the company. RVNL is listed on both the National Stock Exchange and the Bombay Stock Exchange.
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Disclaimer: The article is for informational purposes only and not investment advice.