RVNL Bags ₹2,977 Crore Contract from NMDC

📢 **Rail Vikas Nigam Limited (RVNL)** has received a **Letter of Award (LoA)** from **NMDC Limited** for a major infrastructure project in Andhra Pradesh. ### 🔹 Key Highlights ✅ **Project:** Setting up of **Buffer Stockpiles & Blending Yard** with a handling capacity of **10 MTPA** at **Vizag, Andhra Pradesh**. 💰 **Order Value:** **₹2,977 crore** (including 18% GST). ⏳ **Execution Timeline:** **42 months**. 🏗️ The contract has been awarded by **NMDC Limited**, a domestic entity, and falls under RVNL's normal course of business. 🤝 RVNL clarified that the contract does **not involve any related-party transaction**, and neither the promoter nor promoter group has any interest in the awarding entity. ### 📈 Investor Relevance This sizeable order strengthens RVNL's order book and further expands its presence in large-scale infrastructure and material handling projects, supporting long-term revenue visibility and reinforcing its position in India's infrastructure development ecosystem. 👍 **Like, Follow & Share** *Disclaimer: This post is for informational purposes only and should not be construed as investment advice.*