Rs 99,262 Crore Order Book: Navratna PSU Secures Rs 968 Crore EPC Contract From East Coast Railway
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RVNL has received a Rs 967.93 crore EPC contract from East Coast Railway for the construction of four major railway bridges, further strengthening its order book of Rs 99,262 crore and expanding its presence in railway capacity augmentation projects
✨ Key Takeaways
On Thursday, Indian equity benchmarks traded marginally lower, with the benchmark Nifty 50 index declining 14.65 points, or 0.06 per cent, to 24,071.05. Despite the subdued market sentiment, Rail Vikas Nigam (RVNL) share price traded at Rs 247.03, up Rs 1.89 or 0.77 per cent from the previous close, following the announcement of a major railway infrastructure order.
RVNL Bags Rs 968 Crore Railway Infrastructure Contract
Rail Vikas Nigam has received a Letter of Acceptance (LoA) from East Coast Railway for a contract valued at Rs 967.93 crore, including GST. The contract has been awarded under the Engineering, Procurement and Construction (EPC) mode and is scheduled to be executed over a period of 1,095 days.
Project Part Of Major Railway Capacity Expansion
The project forms part of the construction of the 3rd and 4th railway lines between Nergundi–Barang (22 km) and Khurda Road–Vizianagaram (363 km) on the Bhadrak–Vizianagaram section, covering a total stretch of 385 km.
The expansion project aims to enhance line capacity and improve operational efficiency on one of the important railway corridors in eastern India.
Scope Includes Construction Of Four Major Bridges
Under the contract, RVNL will undertake the construction of four major Open Web Steel Girder railway bridges across key rivers in Odisha.
The scope includes Bridge No. 539 over the Birupa River, Bridge No. 544 over the Mahanadi River, Bridge No. 553 over the Kathjori River and Bridge No. 557 over the Kuakhai River. The project strengthens RVNL's position in executing large-scale railway bridge infrastructure projects and capacity augmentation works across high-density railway routes.
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Contract Awarded In Normal Course Of Business
East Coast Railway, a domestic entity, awarded the contract under general contract conditions. RVNL clarified that the order has been received in the normal course of business and does not constitute a related-party transaction. The company further stated that its promoter, promoter group and group companies do not have any interest in the awarding entity.
About RVNL
Rail Vikas Nigam Ltd (RVNL) is a Navratna Public Sector Enterprise under the Ministry of Railways. The company undertakes railway infrastructure development projects on a turnkey basis, including new railway lines, track doubling, electrification, metro rail projects, major bridges and other transportation infrastructure works.
As of March 31, 2025, the President of India, through the Ministry of Railways, held a 72.84 per cent stake in the company. RVNL has emerged as one of the leading railway infrastructure companies in India with a diversified order book across rail, metro and international projects.
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Disclaimer: The article is for informational purposes only and not investment advice.