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Rail Vikas Nigam Secures Contract for Koraput-Singapur Road Doubling Project

Written by: Team Angel OneUpdated on: Feb 5, 2025, 2:38 PM IST
Rail Vikas Nigam Limited (RVNL) wins ₹404.40 crore contract from East Coast Railway for major bridge and earthwork in the Koraput-Singapur Road Doubling Project.
Rail Vikas Nigam Secures Contract for Koraput-Singapur Road Doubling Project
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Rail Vikas Nigam Limited (RVNL), a government enterprise under the Ministry of Railways, has received a Letter of Acceptance (LoA) from East Coast Railway for a significant infrastructure project under the Koraput-Singapur Road Doubling Project. The awarded contract involves executing major bridge construction and associated works between Tikiri and Bhalumaska stations in the Waltair Division.

The share price of RVNL is trading 1.55% higher as of 11:11 AM on February 5, 2025.

Project Details and Scope of Work

The contract includes the execution of 27 major bridges, comprising 22 major bridges and 5 road over bridges (ROBs). Additionally, RVNL will undertake earthwork in the formation of approaches, protection structures, and other miscellaneous tasks necessary for the doubling project. This initiative aims to enhance railway infrastructure and improve connectivity in the region.

Project Cost and Timeline

The total project cost is ₹404.40 crore, inclusive of GST. The execution timeline for completion is set at 30 months, ensuring that the work is carried out efficiently and within the designated timeframe.

Strategic Importance of the Project

The Koraput-Singapur Road Doubling Project is a critical part of the East Coast Railway’s expansion plans. The addition of new bridges and supporting structures will enhance operational efficiency, facilitate better rail connectivity, and support economic growth in the region. Doubling railway lines reduces congestion and enables seamless freight and passenger movement.

Upcoming Financial Results Announcement

RVNL has also notified the stock exchanges that its Q3FY25 financial results will be declared following a Board Meeting scheduled for February 12, 2025. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing

Published on: Feb 5, 2025, 2:38 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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