Ashoka Buildcon Secures ₹602 Crore RVNL Contract for Uttarakhand Rail Project
Ashoka Buildcon Limited received a Letter of Acceptance from Rail Vikas Nigam Limited for a project valued at ₹602.16 Crore. The contract involves E&M system works for the Rishikesh Karnprayag New BG Rail Line Project in Uttarakhand, with a completion period of 30 months.
The contract value of over ₹600 Crore represents a substantial addition to the company's order book and is expected to have a significant impact on its financial performance.
The company has secured a significant new order, which is positive for its business outlook and revenue generation.
Ashoka Buildcon Limited has announced the receipt of a Letter of Acceptance (LOA) from Rail Vikas Nigam Limited (RVNL) for a significant project in Uttarakhand.
The contract, valued at ₹602.16 Crore (including GST), involves the supply, erection, testing, and commissioning of Electro-Mechanical (E&M) systems for tunnels T-13, T-14, T-15, and T-16 under package E-4 of the Rishikesh Karnprayag New BG Rail Line Project.
The project requires the installation of 33/11kv & 11/0.433kv GIS Substations, HT & LT Cables, DG Sets, Lighting, UPS Systems, Ventilation Systems, and Fire Fighting Systems. The completion period for this project is 30 months from the date of commencement. Ashoka Buildcon will also need to submit a Performance Bank Guarantee of ₹25.51 Crore to RVNL, and the contract includes a defect liability period of 2 years.
Concurrently, the company has informed that the trading window for its designated persons and their immediate relatives will be closed until 48 hours after the disclosure is made to the exchanges.
A plain-language summary of a public exchange filing by Ashoka Buildcon Limited. Read the original for the full detail.