Railway Stock in demand: RVNL secures LoA from East Coast Railway for road doubling project
This is part of the Koraput-Singapur road doubling project in the Waltair division of East Coast Railway. The total cost of the project is Rs 404.4 crore (inclusive of GST), and it is scheduled to be completed within 30 months.
Railway Stock in demand: RVNL secures LoA from East Coast Railway for road doubling project
Railway PSU Stock, Rail Vikas Nigam Ltd has received a letter of acceptance from East Coast Railway for the Koraput-Singapur road doubling project. The project involves the execution of 27 major bridges, including 22 major bridges and five road-over bridges (ROBs), along with earthworks for forming approaches, protection works, and other miscellaneous tasks between Tikiri and Bhalumaska stations.
According to the exchange filing, Rail Vikas Nigam has received a Letter of Acceptance from East Coast Railway for the Koraput-Singapur Road Doubling Project: Execution of 27 Nos of Major Bridges i.e. (22 Nos of Major Bridges & 5 Nos of ROBs) and earthwork in the formation of approaches, protection works and other connected miscellaneous works between Tikiri and Bhalumaska stations in connection with Koraput-Singapur Road Doubling Project of Waltair Divison, East Coast Railway.
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This is part of the Koraput-Singapur road doubling project in the Waltair division of East Coast Railway. The project's total cost is Rs 404.4 crore (inclusive of GST), and it is scheduled to be completed within 30 months.
Shares of the company are trading higher by 1.55% at Rs 406.55. The market capitalization of the company is at Rs 84.71K crore with dividend yield at 0.52%.
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