RVNL wins Rs 2.83 billion order from East Coast Railway for Odisha

03 Oct 2024 CW Team

Rail Vikas Nigam Limited (RVNL) has won a Rs 2.83 billion contract from the East Coast Railway for multiple construction projects in Odisha. The order, which is expected to be completed within 24 months, includes the construction of the third and fourth lines between Jarapada and Talcher Road, as well as a new line as part of the MCRL Inner Corridor Phase-I Doubling (14 km).

The scope of work also involves various other construction activities between Jarapada and Talcher Road, excluding station yards, and between Angul and Balram, covering station yards for the MCRL Inner Corridor Phase-I Doubling and the Jarapada-Budhapank Project.

Rail Vikas Nigam, a public sector undertaking established on January 24, 2003, focuses on developing rail infrastructure capacities. It was awarded Mini-Ratna status in September 2013. In 2024, RVNL's share value has seen a nearly 190% surge, with a 205% rise over the past year. At the time of reporting, its shares were trading 1.1% lower at Rs 525.65 per share. (ET)

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