RKEC Projects Limited, a notable infrastructure and project execution company, has announced that it has received a significant Letter of Intent (LOI) for a contract from Hindustan Shipyard Limited (HSL). The contract pertains to the refurbishment and upgradation of outfitting jetty, crane track, and related services at HSL, located in Visakhapatnam.

Contract Details and Value
The total contract value awarded is approximately Rs 86.86 crore (Rupees Eighty Six Crore Eighty Six Lakh Twenty Nine Thousand Five Hundred Ninety Six and Eighty Four Paise only), inclusive of Goods and Services Tax (GST). This substantial project highlights RKEC Projects Limited’s strong standing in infrastructure development and refurbishment projects, particularly in the maritime and shipyard sector.

Scope of Work
The awarded contract includes:

• Refurbishment of the outfitting jetty, a critical facility used for outfitting vessels with equipment and supplies.

• Upgradation of the crane track, essential for efficient and safe handling of cargo and materials at the shipyard.

• Provision of necessary services that support the operational capabilities of these infrastructures.

These improvements are vital to enhancing the operational efficiency and safety standards of Hindustan Shipyard Limited, one of India’s premier shipbuilding and ship repair companies.

Regulatory Compliance
The company has duly informed the National Stock Exchange of India Limited (NSE) about this award in accordance with SEBI’s disclosure requirements. This announcement ensures transparency and keeps investors well-informed about the company’s growing order book and business prospects.

Strategic Importance
The contract from HSL aligns with RKEC Projects Limited’s strategic focus on infrastructure projects that contribute to critical national assets. Upgrading key shipyard infrastructure not only supports India’s maritime capabilities but also strengthens the company’s portfolio in government-related projects.

Execution Timeline and Future Outlook
While specific timelines for the project execution were not disclosed in the announcement, contracts of this scale generally involve detailed planning and phased implementation. Successful completion of this contract will enhance RKEC’s reputation and open up further opportunities in the maritime and industrial infrastructure sectors.

Conclusion
RKEC Projects Limited’s award of this Rs 86.86 crore contract for the refurbishment and upgradation of the outfitting jetty and crane track at Hindustan Shipyard Limited marks a significant milestone. It underscores the company’s capabilities in delivering large-scale infrastructure projects and its contribution to strengthening India’s shipbuilding infrastructure.

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