Rail Vikas Nigam Limited has received a Letter of Award from NMDC Limited for setting up a buffer stockpile and blending yard at Vizag, Andhra Pradesh. The facility will have a handling capacity of 10 million tonnes per annum. The order carries a total value of Rs 2,977 crore inclusive of 18% GST.
The contract is classified as a domestic project and falls within RVNL's normal course of business. The execution period for the contract is 42 months from the date of the award.
NMDC Limited, a Government of India enterprise, awarded the order under standard general contract conditions. RVNL has confirmed that neither its promoter nor any promoter group entity holds any interest in NMDC Limited. The transaction has been conducted at arm's length and does not qualify as a related party transaction.
The buffer stockpile and blending yard at Vizag is designed for 10 million tonnes per annum of material handling. The project infrastructure will support stockpile management and ore blending at the Vizag location for NMDC's material handling requirements.
The disclosure was made to the stock exchanges on June 20, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. RVNL submitted the required declaration under the SEBI master circular dated January 30, 2026. The order adds to RVNL's portfolio of infrastructure projects in the mining and materials handling segment.
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