RVNL shares in focus on Monday after winning Rs 2,977 crore NMDC infrastructure contract

RVNL shares are likely to remain in focus on Monday after Rail Vikas Nigam Limited (RVNL) announced that it has secured a major contract worth ₹2,977 crore from NMDC Limited for the development of key infrastructure facilities at Vizag, Andhra Pradesh.

The contract involves the construction of buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum (MTPA). The total contract value, including GST, stands at ₹2,977 crore, with the project scheduled for completion within 42 months.

According to the company's exchange filing, the project is part of RVNL's regular business activities and is aimed at strengthening domestic infrastructure capabilities. The company also clarified that the contract does not involve any related-party transactions and that neither the promoter nor promoter group entities have any interest in the awarding authority.

The latest order further strengthens RVNL's project portfolio and highlights its growing role in executing large-scale infrastructure projects across the country. The Vizag facility is expected to enhance material handling and logistics efficiency, supporting industrial operations in one of India's key port cities.

Investors are likely to track RVNL shares closely in the upcoming trading session following this significant order win.