RVNL-GPT JV Awarded ₹1201 Crore Rail-Road Bridge Project by Northern Railway
RVNL-GPT JV is the Lowest Bidder for a ₹1201 crore rail-road bridge project by Northern Railway. The project includes design and construction over the Ganga river near Kashi. Execution is expected within 48 months. RVNL holds a 60% stake in the JV.
The project's value of over ₹1200 crore is substantial and will contribute significantly to the company's order book and future revenue.
The company has secured a significant new order, which is positive for its business outlook and revenue prospects.
Rail Vikas Nigam Limited (RVNL) announced that its joint venture, M/s RVNL-GPT JV, has emerged as the Lowest Bidder (L1) for a significant project awarded by Northern Railway. The project involves the design and construction of a new rail-cum-road bridge over the river Ganga near Kashi Railway Station in Varanasi, Uttar Pradesh. The scope of work includes the substructure and superstructure of the bridge, which will feature four railway tracks on the lower deck and a six-lane road on the upper deck, along with associated OHE and General Electric works. The estimated project cost is ₹12,013,569,000 (Rupees Twelve Hundred One Crore Thirty-Five Lakh Sixty-Nine Thousand Only), inclusive of all taxes. The JV partners are RVNL with a 60% share and GPT Infraprojects Ltd. with a 40% share. The execution period for this contract is 48 months. This award is considered to be in the normal course of business for RVNL.
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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 high impact, which is the band that most often changes something.
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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.