The contract, valued at ₹404.88 crore including Goods and Services Tax (GST), covers work on the 385-km Bhadrak-Vizianagaram section, comprising 22 km between Nergundi-Barang and 363 km between Khurda Road and Vizianagaram.
The Letter of Acceptance, issued on September 18, 2026, covers execution of roadbed, minor bridges, major bridges, road under bridges and limited height subways, building works, ballast supply, permanent way linking and other allied works.
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The scope also includes utility shifting and signalling and telecommunication and electrification works, including general service works, power supply arrangements and shifting and modification of high-tension and low-tension lines between Khurda Road and Gangadharpur.
The project is to be executed within 912 days. The order has been awarded by a domestic entity and is in the normal course of RVNL’s business. RVNL said the contract is governed by general contract conditions.
The company said the promoter, promoter group and group companies have no interest in East Coast Railway. The contract also does not fall under related party transactions.
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Shares of Rail Vikas Nigam Ltd ended at ₹210.30, up by ₹9.15, or 4.55%, on the BSE.