Rail Vikas Nigam Limited (RVNL) announced the receipt of a Letter of Acceptance (LOA) for a significant infrastructure project from the Northern Railway. The contract involves the Design and Construction of a New Rail Cum Road Bridge (No. 11) over the River Ganga near Kashi Railway Station. The project’s total consideration is valued at ₹1201.35 crore, and the execution period is set for 48 months. This work, classified as routine business, is a joint venture with GPT Infraprojects Ltd.
Major Contract Awarded by Northern Railway
Rail Vikas Nigam Limited (RVNL) has confirmed securing a substantial Letter of Acceptance (LOA) from the Northern Railway. This disclosure follows obligations under Regulation 30, confirming the contract award in a communication dated February 18, 2026.
Project Details and Scope
The project centers on the “Design and Construction of New Rail Cum Road Bridge No. 11 over river Ganga,” situated 50 meters downstream of the existing old Malviya Bridge near Kashi Railway Station. The scope is extensive, covering the construction of the bridge, which features 8 X 108.5 m + 2 X 103.3 m Open Web Steel Girders. This structure will support four line tracks on the lower deck and a six-lane road on the upper deck. The contract also encompasses associated OHE Works and General Electric works within the Lucknow Division at Varanasi, Uttar Pradesh, India.
Financial and Execution Terms
The broad consideration for this project stands at Rs. 12,01,35,69,000/- (Rupees Twelve Hundred One Crore Thirty-Five Lakh Sixty-Nine Thousand Only), inclusive of all taxes. The time period stipulated for the execution of the order is 48 Months. The entity awarding the contract is the Northern Railway, and the project is classified as a Domestic Entity award.
Joint Venture Structure
RVNL is undertaking this significant development as part of a Joint Venture. The shareholding within this JV is distributed as follows:
- Rail Vikas Nigam Ltd.: 60% (Sixty)
- GPT Infraprojects Ltd.: 40% (Forty)
The company confirmed that the work falls within its normal course of business, and the transaction would not constitute a related party transaction.
Source: BSE
