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.
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.
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.
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.
RVNL has also notified the stock exchanges that its Q3FY25 financial results will be declared following a Board Meeting scheduled for February 12, 2025.
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Published on: Feb 5, 2025, 2:38 PM IST
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