RVNL wins Rs 201.23 crore East Coast Railway contract

New Delhi: Rail Vikas Nigam Limited (RVNL) has secured a major infrastructure contract worth Rs 201.23 crore from East Coast Railway for the setting up of a 200-wagon Periodic Overhauling (POH) workshop at Kantabanji, strengthening its order book for FY26.

The company informed stock exchanges that it has received the Letter of Acceptance (LOA) for the project in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

According to the filing, the project involves the development of a modern wagon POH workshop with a handling capacity of 200 wagons. The contract value, excluding GST, stands at Rs 201,23,47,556.55 and RVNL has been awarded the project as the sole bidder.

The execution period is 18 months, and the contract has been awarded by a domestic entity, East Coast Railway. The project does not fall under related party transactions, and no promoter or promoter group has any interest in the awarding entity.

RVNL stated that the contract is in the normal course of business and aligns with its core infrastructure development operations for Indian Railways.

This fresh order further boosts RVNL’s strong project pipeline and reinforces its position as a key execution arm of Indian Railways in the country’s railway infrastructure expansion.