Rail Vikas Nigam (RVNL) has received a Letter of Award from state-owned NMDC for setting up buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum (MTPA) at Visakhapatnam in Andhra Pradesh.The project, awarded in the normal course of business, is valued at ₹2,977 crore, according to an exchange filing.
The project is expected to be completed within 42 months. RVNL said the order has been awarded by a domestic entity and is not a related-party transaction.
The company also clarified that neither its promoters nor group companies have any interest in NMDC.The proposed facility will have a handling capacity of 10 MTPA and is aimed at strengthening NMDC’s logistics infrastructure at Vizag.
Buffer stockpiles and blending yards help mining companies manage inventories and improve the quality and consistency of material supplied to customers. The project is expected to support the movement and handling of iron ore and other raw materials more efficiently.
