Rail Vikas Nigam Ltd (RVNL) said that it had been awarded a contract worth Rs 495 crore by the National Thermal Power Corporation (NTPC).

The Letter of Award pertains to the role of the Project Execution Agency (PEA) in executing balance civil. HM works at the Barrage Complex, including part of the Head Race Tunnel (HRT) package for the Rammam Hydro Electric Project Stage-III, which has a capacity of 3x40 MW.

"It is hereby informed that Rail Vikas Nigam Limited has received a Letter of Award from National Thermal Power Corporation (NTPC) for "Project Execution Agency (PEA) contract for execution of Balance Civil & HM works of Barrage Complex including part HRT package of Rammam Hydro Electric Project Stage-III (3x40 MW)," the company said.

The contract specifies a completion period of 66 months, the company said.