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Rail Vikas Nigam Limited has received a Letter of Award from NMDC Limited for setting up buffer stockpiles and a blending yard with a 10 MTPA handling capacity at Vizag, Andhra Pradesh, the company disclosed to stock exchanges on 20 June 2026. The contract, valued at INR 2,977 crore inclusive of 18 per cent GST, is to be executed over a 42-month period. RVNL confirmed that the work falls within its normal course of business and does not constitute a related party transaction
Rail Vikas Nigam Limited (RVNL) informed the National Stock Exchange and BSE on 20 June 2026 that it has received a Letter of Award of Contract from NMDC Limited for the construction of buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum at Vizag, Andhra Pradesh.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in a letter signed by Kalpana Dubey, Company Secretary and Compliance Officer at RVNL. The contract has been awarded by NMDC Limited, a domestic public sector entity, and is classified as a domestic order under general contract conditions.
According to the declaration filed as Annexure A to the disclosure, the project carries a broad consideration of INR 2,977 crore, inclusive of GST at 18 per cent, and is to be executed within a time period of 42 months from the date of award. The declaration, signed by Baldev S. Jaryal, Executive Director (Business Development) at RVNL, confirmed that the company's promoter or promoter group has no interest in NMDC Limited, the entity awarding the contract, and that the transaction does not fall within the scope of related party transactions.
The scope of work involves setting up infrastructure for buffer stockpiling and blending of materials at Vizag, a facility expected to support a handling capacity of 10 million tonnes per annum. Buffer stockpile and blending yard facilities of this nature are typically used in the mining and minerals logistics chain to store, homogenise, and prepare bulk material — such as iron ore — for onward transport or export, helping to manage supply variability and maintain consistent material quality for downstream operations.
RVNL, a Government of India enterprise functioning under the Ministry of Railways, has stated that the contract is part of its normal course of business. The company did not specify further structural or technical details of the project in its disclosure beyond what was contained in the prescribed regulatory format.
The disclosure was filed in compliance with SEBI's Master Circular dated 30 January 2026, which mandates listed companies to disclose specific particulars relating to large contract awards, including the identity of the awarding entity, contract terms, project value, execution timeline, and any related party or promoter interest considerations.
RVNL's scrip is listed on the National Stock Exchange under the symbol "RVNL" and on the BSE under scrip code 542649. The company's registered office is located at the World Trade Center, Nauroji Nagar, New Delhi.
Source: BSE
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