Rail Vikas Nigam has received Letter of Award (LoA) worth Rs 2977 crore (including GST at 18%) from NMDC. The LoA is for setting up of buffer stockpiles & blending yard of 10 MTPA handling capacity at Vizag, Andhra Pradesh. The order is to be executed within 42 months.
Rail Vikas Nigam (RVNL) functions as an extended arm of the Ministry of Railways. The company is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
