Rail Vikas Nigam Limited has received a Letter of Award from NMDC Limited for the development of a railway siding near Padapur Village. The project, valued at ₹758.07 crores, was awarded under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scope of work encompasses the construction of the railway siding along with bridges, PWD road diversion, and other associated civil works.

Project Scope and Details

The contract mandates the company to handle the preparation of a Feasibility Study Report (FSR) and a Detailed Project Report (DPR). Additionally, Rail Vikas Nigam Limited will be responsible for detailed engineering, execution, and Project Management Consultancy (PMC) services. These services are aimed at facilitating the capacity expansion of Bacheli.

Contract Parameters

The project is classified as a domestic order and falls within the normal course of the company's business operations. The execution period for the contract is set at 36 months from the commencement date. The total consideration includes GST at 18%.

The company confirmed that the promoters, promoter group, or group companies do not hold any interest in NMDC Limited. Furthermore, the transaction does not qualify as a related party transaction. The declaration regarding the order was signed by the Executive Director (Business Development) on May 21, 2026.

Rail Vikas Nigam Limited has emerged as the lowest bidder (L1) for a contract awarded by North Eastern Railway. The project entails the design, supply, erection, testing, and commissioning of traction sub stations with associated switching posts. This work is designated for the 2x25 KV AT traction feeding system in the Varanasi-Prayajgraj section of the Varanasi Division.

Project Details

The contract was secured under the Engineering, Procurement & Construction (EPC) mode. The primary objective of this initiative is the capacity up-gradation of electric traction power supply installations. The project is classified as a domestic order and falls under the normal course of business for the company.

Financial and Operational Scope

The total cost of the work is Rs 129,46,26,109.47, which includes applicable taxes. The company is required to execute the order within a stipulated time period of 730 days. The specific tender reference number for this project is EPC-PSI-BSB-PRYJ_NER.

Regulatory Disclosures

The company confirmed that there are no interests held by the promoter, promoter group, or group companies in the entity that awarded the contract. Furthermore, the order does not fall within related party transactions. The information was submitted to the exchanges under Regulation 30 on May 20, 2026.