RVNL emerges L1 bidder for ₹244.33 Crore West Central Railway project
Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for a project from West Central Railway. The contract is valued at ₹244.33 Crore and involves upgrading the electric traction system. The execution period for this project is 18 months.
The contract value of ₹244.33 Crore is significant and will contribute to the company's revenue and order book, but it is within the normal course of business for a company of RVNL's scale.
The company has emerged as the Lowest Bidder (L1) for a new project, which is a positive development indicating business growth and successful bidding.
Rail Vikas Nigam Limited (RVNL) has been declared the Lowest Bidder (L1) by West Central Railway for a significant project. The contract involves the 'Design/ Modification, Supply, Erection, Testing and Commissioning of 132kV / 55 kV Scott connected Traction Sub Station and switching posts with AT between feeding Itarsi (Excl.) - Shridham (Incl.) section (without SCADA) of Jabalpur Division'. This project is part of the Up-gradation of the Electric Traction System from 1x25kV to 2x25 kV Traction System of West Central Railway, aimed at meeting a 3000 MT loading target.
The total value of the contract is ₹244,32,90,181.97 (₹244.33 Crore), including applicable taxes. The work is to be executed within a period of 18 months from the date of the award. This development is considered a normal course of business for RVNL. The company has officially informed the National Stock Exchange of India Ltd. and BSE Ltd. about this achievement.
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Rail Vikas Nigam Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Rail Vikas Nigam Limited. Read the original for the full detail.