RVNL Secures ₹2977 Cr Contract from NMDC for Vizag Project

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from NMDC Limited for the "Setting up of Buffer Stockpiles & Blending Yard of 10 MTPA handling capacity at Vizag, Andhra Pradesh". The contract, valued at ₹2977 Crores including GST, is to be executed within 42 months. This project falls within RVNL's normal course of business. The company has provided a declaration as per SEBI Master Circular, confirming no promoter or group company interest in NMDC and that the transaction is not a related party transaction.