RVNL secures ₹758 crore contract from NMDC for railway siding
Rail Vikas Nigam Limited secured a ₹758.07 crore contract from NMDC for a railway siding project. The project includes construction and consultancy services aimed at capacity expansion at Bacheli, which may enhance RVNL's order book and stock performance.
pre-market1 source ↓written by the desknot a recommendation
- railway siding project
- ₹758.07 crore
Rail Vikas Nigam Limited has received a Letter of Award from NMDC Limited for a ₹758.07 crore railway siding project near Padapur Village. The contract includes construction, bridges, and road diversions, along with Project Management Consultancy services.
This project is significant for enhancing capacity at Bacheli and is expected to bolster RVNL's order book, potentially impacting its stock performance positively.
Not investment advice. For informational purposes only.