Mumbai, June 20 -- The contract involves setting up buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum (MTPA) at Visakhapatnam. The project is to be executed over a period of 42 months.

The order has been awarded by NMDC, a domestic entity, and is valued at Rs 2,977 crore.

RVNL clarified that neither its promoter nor promoter group companies have any interest in the awarding entity. The company also stated that the contract does not fall under related-party transactions.

RVNL, a Government of India enterprise, is engaged in implementing rail infrastructure projects across the country. As of March 2026, the Government of India held a 72.84% stake in the company. Rail Vikas Nigam (RVNL) declined...