Mumbai, June 26 -- Rail Vikas Nigam (RVNL) said it had secured a contract worth Rs 9,679.3 million (mn) from East Coast Railway for the construction of major railway bridges in Odisha. The work will be executed on an Engineering, Procurement and Construction basis and forms part of third and fourth line works between Nergundi-Barang and the Khurda Road-Vizianagaram section. The award reflects a domestic procurement by East Coast Railway and is scheduled for completion within 1,095 days.
The project encompasses four key structures, identified as Bridge No. 539 over the Birupa river, Bridge No. 544 over the Mahanadi river, Bridge No. 553 over the Kathjori river and Bridge No. 557 over the Kuakhai river. Construction of these bridges is tied to the Bhadrak-Vizianagaram route and aims to support capacity augmentation under the multi?line project. The firm indicated that the contract does not constitute a related party transaction.
RVNL clarified that neither the promoter nor promoter group companies have any interest in the awarding entity and that the order will be executed on an EPC basis. The company said the contract is scheduled to be completed within 1,095 days. It added that the order was awarded by a domestic entity.
RVNL, a Government of India enterprise engaged in implementing rail infrastructure projects across the country, reported that as of March 2026 the Government of India held a 72.84 per cent stake in the company. In the fourth quarter of FY26, the consolidated net profit fell 58.92 per cent to Rs 1,870.7 million (mn) on a 4.18 per cent increase in revenue from operations to Rs 66,959.1 million (mn) compared with the fourth quarter of FY25. The stock declined three point four seven per cent to Rs 263.10 following the results, while another reference recorded the counter at Rs 246.20 on the BSE.
Published by HT Digital Content Services with permission from Construction World.