NEW DELHI — Rail Vikas Nigam Limited (RVNL), the engineering and construction arm of the Ministry of Railways, has clinched a high-value infrastructure contract worth ₹2,977 crore from mining major NMDC Limited to build a state-of-the-art bulk material facility in Visakhapatnam, Andhra Pradesh.
The project was officially secured via a Letter of Award (LoA) for the “Setting up of Buffer Stockpiles & Blending Yard of 10 MTPA (Million Tonnes Per Annum) handling capacity at Vizag,” according to RVNL’s regulatory disclosures.
Scaling Port-Linked Industrial Infrastructure
The massive development underscores RVNL’s growing footprint in heavy industrial engineering beyond core railway track-laying. The upcoming facility is engineered to modernize the storage, automated blending, and rapid dispatch of bulk minerals, significantly reducing bottlenecks for domestic supply lines and maritime trade routes out of the Vizag port.
Key Project Parameters
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Total Valuation: The contract is valued at ₹2,977 crore, a comprehensive figure that factors in a standard 18% GST allocation.
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Execution Window: The Ministry of Railways PSU has been allocated a 42-month deadline to execute and hand over the functional site under general contract conditions.
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Corporate Compliance: In line with SEBI listing regulations, RVNL confirmed that the transaction is entirely transparent, with no promoter or group entities holding any commercial interest in the awarding organization, NMDC.
