Core Announcement – Order Details
Awarding Entity: East Coast Railway, Khurda Road Division
Domestic/International Order: Domestic
Nature of Order/Contract: Construction of Road Over Bridge (1 x 24.0 m + 1 x 42.0 m) Composite Girder for Railway portion in lieu of LC No. KP-09 and proposed span of 8 x 25.04 m RCC Girder on Jatani side and 8 x 25.04 m RCC Girder on Puri side for approach portion, at Railway KM 464/31-33 between stations Motari and Kanas Road on Khurda-Puri line under Khurda Road Division.
Order Value: ₹51,60,48,602.44 (Rupees Fifty-One Crore Sixty Lakh Forty-Eight Thousand Six Hundred And Two Rupees And Forty-Four Paise Only)
Materiality Context: Not Specified
Execution Timeline: 24 months from the date of issue of Letter of Acceptance (29-06-2026)
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones:
- Initial Security Money: ₹1,22,94,400 (retained from Earnest Money deposited as Manual-Bank Guarantee no. 093BG01261590005)
- Balance Security Money: ₹1,35,08,030.12 to be recovered from progressive bills @ 6% of bill amount until it reaches 5% of contract value
- Performance Guarantee: ₹5,16,04,860.24 (10% of contract value) required within 21 days from LOA date
- Performance Guarantee must be valid until stipulated completion date plus 60 days
- Penal interest of 12% per annum charged for delay in PG submission beyond 21 days
- Contract termination possible if PG not submitted within 60 days, with forfeiture of Earnest Money Deposit
Whether Related Party Transaction: No
Promoter Group Involvement: No
Financial Implication: Not Specified