RVNL has won a Rs 405 crore contract from East Coast Railway for construction and electrification work in Odisha, with a 912 day timeline.

RVNL has received a Letter of Acceptance from East Coast Railway for a construction package worth around Rs 405 crore, inclusive of GST.

The company disclosed this through a regulatory filing to the stock exchanges. The work involves building roadbeds, minor and major bridges, road under bridges and other allied structures.

It also covers supply of ballast and permanent way linking, along with electrification work such as power supply arrangements and shifting of high tension and low tension lines.

A large chunk of the project also involves shifting utilities related to signalling and telecommunication systems.

This project is linked to a third railway line being built between Nergundi and Barang, spanning around 22 km, and another stretch between Khurda Road and Vizianagaram, covering roughly 363 km.

Both these stretches fall within the larger 385 km Bhadrak to Vizianagaram railway corridor in Odisha.

RVNL will need to complete the entire project within 912 days from the date the order was issued.

The company also confirmed this is a purely domestic contract and does not involve any related party transaction.

RVNL continues to be one of the key infrastructure arms of the Ministry of Railways.

Set up in 2003, the company executes railway projects on a fast track basis and was awarded Navratna status back in 2023, having held Mini Ratna status since 2013.

At 11:50 am, RVNL shares are currently trading at Rs 210.99 on the NSE.

The stock has had a rough patch recently, down over 6% in the last month and nearly 42% over the past year, even as fresh order inflows like this one continue to add to its overall project pipeline.

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