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 with 1 x 60.0 m Camel Back Type Truss Girder + 1 x 24 m composite girder for Railway portion in lieu of LC CP-55, and proposed span of 8x 25.04 m RCC girder on PPL Gate side and 7 x25.04 m RCC girder on PPL Plant side for approach portion at Railway Km 491/17-19 between Paradeep and Paradeep Port End stations on the Cuttack-Paradeep line.
Order Value:
₹52,65,86,417.62 (Rupees Fifty-Two Crore Sixty Five Lakh Eighty Six Thousand Four Hundred Seventeen rupees and Sixty Two Paisa Only)
Materiality Context:
Not Specified
Execution Timeline:
24 Months from the date of issue of Letter of Acceptance (15-07-2026)
Revenue Recognition / Billing Structure:
Not Specified
Key Terms & Payment Milestones:
- Initial Security Money: ₹1,26,06,300 retained from Earnest Money Deposit
- Balance Security Money: 6% recovery from progressive bills until reaching 5% of contract value
- Alternative: Cash deposit of ₹1,37,23,020.88 for balance Security Money
- Performance Guarantee: 10% of contract value (₹5,26,58,641.76) required within 21 days of LOA
- Performance Guarantee validity: Stipulated completion date plus 60 days
- Penal interest: 12% per annum charged for delay in PG submission beyond 21 days
- Contract termination risk if PG not submitted within 60 days
Whether Related Party Transaction:
No
Promoter Group Involvement:
No
Financial Implication:
Not Specified