RVNL emerges L1 bidder for East Central Railway doubling project worth ₹358.97 Crore
Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for an EPC tender from East Central Railway. The project involves doubling a 41.04 km section of the Sitamarhi-Raxaul line. The contract is valued at ₹358.97 Crore and is to be executed within 1095 days.
The order value is substantial and contributes to the company's order book, indicating potential revenue growth.
The company emerging as the lowest bidder for a significant project is a positive development.
Rail Vikas Nigam Limited (RVNL) has been declared the Lowest Bidder (L1) by East Central Railway for a significant project involving the construction of doubling works. The project encompasses earthwork, blanketing, minor and major bridges, station and other buildings, platform work, level crossing (LC) work, and other miscellaneous works.
This contract is for the 25T Indian Railway Standard Loading from Kundawa Chainpur (excluding) to Raxaul (excluding), covering a total length of 41.04 km. The work is part of the doubling of the Sitamarhi-Raxaul section within the Samastipur Division of East Central Railway.
The Engineering, Procurement, and Construction (EPC) tender has a broad consideration or size of ₹358,97,42,420.53 (Rupees Three hundred fifty-eight crores, ninety-seven lakhs, forty-two thousand, four hundred twenty rupees and fifty-three paise only), inclusive of 18% GST. The execution period for this contract is 1095 days. This is a normal course of business for the company.
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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.