Rail Vikas Nigam Limited has secured a major railway infrastructure contract from East Coast Railway, emerging as the lowest bidder for a comprehensive bridge construction project worth ₹967.93 crore. The contract represents a significant addition to the company's order book and falls under its normal course of business operations.

Project Overview

The awarded contract involves construction of four critical bridges as part of the 3rd and 4th line development on the Bhadrak-Vizianagaram section. The project spans across the Nergundi-Barang (22 km) and Khurda Road-Vizianagagram (363 km) sections, covering a total distance of 385 km.

Bridge Construction Details

The contract encompasses construction of four major bridges, each designed as Open Web Steel Girder structures across significant rivers in the region:

Contract Terms and Conditions

The project operates under general contract conditions with East Coast Railway, a domestic entity. The contract does not involve any related party transactions and maintains arm's length dealing principles. The company's promoter group has no interest in the awarding entity, ensuring transparent business operations.

Strategic Significance

This bridge construction project forms part of the critical railway infrastructure development in Odisha, enhancing connectivity along the Bhadrak-Vizianagaram corridor. The four bridges will facilitate seamless railway operations across major river systems, supporting the expansion of railway network capacity in the region. The three-year execution timeline reflects the project's complexity and the substantial engineering requirements involved in constructing these strategic railway bridges.

Rail Vikas Nigam Limited has submitted its mandatory quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the company's dematerialization activities for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed the certificate under Regulation 74(5) of SEBI regulations on April 8, 2026, addressing both National Stock Exchange of India Limited and BSE Limited. Company Secretary and Compliance Officer Kalpana Dubey signed the submission, ensuring adherence to mandatory quarterly reporting requirements.

Registrar Confirmation

Alankit Assignments Limited, serving as the company's Registrar and Share Transfer Agent, provided the underlying certificate dated April 3, 2026. The registrar confirmed that securities received from depository participants for dematerialization during Q4 FY26 were properly processed and confirmed to depositories.

General Manager Kamal Garg signed the registrar's certificate, validating the dematerialization process. The certificate confirms that all securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded.

Dematerialization Process Compliance

The registrar's certificate establishes several key compliance points for the quarter:

• Securities received from depository participants were confirmed to depositories
• All securities in the certificates have been listed on appropriate stock exchanges
• Certificates underwent proper verification, mutilation, and cancellation procedures
• Depository names were substituted as registered owners in company records

Stock Exchange Notification

The filing was simultaneously submitted to both major Indian stock exchanges where Rail Vikas Nigam Limited shares are traded. The National Stock Exchange received the certificate for scrip RVNL, while BSE Limited received it for scrip 542649.

This quarterly certificate represents standard regulatory compliance for listed companies, ensuring transparency in dematerialization activities and maintaining investor confidence in the securities handling process. The timely submission demonstrates the company's commitment to regulatory adherence and proper corporate governance practices.