Rail Vikas Nigam Limited — Important, 31-12-2024: Updates

Rail Vikas Nigam Limited has emerged as the Lowest Bidder (L1) from East Coast Railway for the Koraput-Singapur Road Doubling Project. This project entails the execution of 27 major bridges, including 22 major bridges and 5 Road Over Bridges (ROBs), alongside earthworks and other miscellaneous tasks between Tikiri and Bhalumaska stations. The project is valued at approximately ₹404.4 Crore and is expected to be completed within 30 months. This development enhances RVNL's project portfolio and may lead to significant revenue contributions in the coming years. Investors should note this opportunity as the company's strategic positioning in railway infrastructure continues to strengthen.