Rail Vikas Nigam Secures Rs. 201 Crore Contract from East Coast Railway

Rail Vikas Nigam Limited (RVNL) has announced the receipt of a Letter of Acceptance from East Coast Railway for a significant project. The contract involves the establishment of a Wagon POH Workshop with a capacity of 200 units at Kantabanji. The project is valued at Rs. 201 Crore, excluding GST, and is scheduled for completion within 18 months.

The awarded contract is a domestic project, and RVNL is the sole bidder. The project falls under the normal course of business for the company. There are no related party transactions involved in this contract, and neither the promoter nor the promoter group has any interest in the entity awarding the contract.

The terms and conditions of the contract are outlined in the works tender. The project is part of RVNL’s ongoing efforts to enhance railway infrastructure and services. The company has confirmed that the project does not involve any international entities.

East Coast Railway is a division of Indian Railways, responsible for railway operations in the eastern region of India. The division focuses on improving rail infrastructure and services to enhance operational efficiency and passenger experience.

Rail Vikas Nigam Limited is a government-owned enterprise engaged in the development of rail infrastructure. The company focuses on executing projects related to the construction of new railway lines, gauge conversion, and electrification. RVNL aims to enhance the capacity and efficiency of India’s railway network through strategic projects and collaborations.