Rail Vikas Nigam Limited has secured a Rs 358.97 crore order from East Central Railway, as per a BSE filing.
The order is for the construction of doubling work, including earthwork, blanketing, minor bridges, major bridges, station and other buildings, platform work, and other miscellaneous works. The project is part of the doubling of the Sitamarhi-Raxaul section in the Samastipur Division of East Central Railway.
The contract is expected to be executed within 1095 days, and the order value includes 18% GST. The project is a significant development for RVNL, as it strengthens the company’s order book and reinforces its position in the infrastructure sector.
The order was awarded through a competitive bidding process, and RVNL emerged as the successful bidder. The company’s expertise in railway construction and its strong track record of executing complex projects were key factors in securing the order.
The project involves the construction of 41.04 km of doubling work, which will help increase the rail network’s capacity and efficiency. The order adds to RVNL’s existing pipeline of projects and is expected to contribute to the company’s revenue growth in the coming years.
The order reinforces RVNL’s position as a leading player in the infrastructure sector, particularly in railway construction. With this order, the company is well-positioned to capitalize on the growing demand for infrastructure development in India.
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