Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from SJVN Thermal Private Limited, a wholly-owned subsidiary of SJVN Limited, for a significant construction project. The contract, valued at ₹903,00,68,492, involves constructing a permanent siding and an aerial connection for the 1320 MW Buxar Thermal Power Project (BTPP) in Bihar. The project is expected to be completed within 36 months and is considered within RVNL’s normal business operations.
Major Contract Awarded to RVNL
Rail Vikas Nigam Limited (RVNL) announced that it has received a Letter of Award from SJVN Thermal Private Limited, a wholly-owned subsidiary of SJVN Limited. This award marks a significant development for RVNL, adding a substantial project to its portfolio. The contract is for the construction of a permanent siding along with an aerial connection via track. This infrastructure will connect the Plant Boundary to Chausa and Pawani Kamarpur in Buxar, Bihar, as part of the 1320 MW Buxar Thermal Power Project (BTPP).
Project Details and Value
The total consideration for this significant order amounts to Rs. 903,00,68,492, which translates to approximately Indian Rupees Nine Hundred Three Crore Sixty-Eight Thousand Four Hundred Ninety-Two Rupees Only, including GST. This project, identified as (Phase-III), is a crucial component of the BTPP. The awarded work is consistent with RVNL’s regular course of business, underscoring its capabilities in executing large-scale infrastructure projects within the power sector.
Timeline and Contract Conditions
The stipulated time period for the execution of this contract is 36 Months from its commencement. The terms and conditions of the award are detailed, and it is confirmed that the contract does not fall within related party transactions, ensuring an ‘arm’s length’ transaction. The entity awarding the contract, SJVN Thermal Private Limited, is recognized as a Domestic Entity, aligning with RVNL’s operational focus.
Confirmation and Further Information
This disclosure is made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details as per the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, are enclosed as Annexure A. RVNL’s management views this contract award as a positive step, reinforcing its position in the infrastructure development sector.
Source: BSE
