RVNL Lowest Bidder for ₹404.88 Crore East Coast Railway Project
Rail Vikas Nigam Limited (RVNL) has been declared the Lowest Bidder (L1) by East Coast Railway for a project valued at ₹404.88 crore. The contract involves extensive infrastructure development, including bridge construction and track laying, to be completed within 30 months.
The contract value of ₹404.88 crore is substantial and will contribute to the company's order book and revenue, but it is part of the company's normal course of business and does not represent a transformative change.
The company emerging as the lowest bidder for a significant project is a positive development, indicating potential for future revenue and business expansion.
Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for a significant project awarded by East Coast Railway. The contract involves the execution of various infrastructure works, including roadbed, minor and major bridges, RUBs/LHS, building works, supply of ballast, and P. Way linking.
The scope of work also encompasses utility shifting of S&T and electrification works, general service works, and power supply arrangements. Specifically, it includes shifting and modification of HT and LT lines between Khurda Road and Gangadharpur.
This project is in connection with the execution of the 3rd line between Nergundi-Barang (22 km) and Khurda Road-Vizianagaram (363 km) on the Bhadrak-Vizianagaram Section (385 km). The total contract value is ₹404.88 crore (including GST).
The order has been awarded by a domestic entity and is to be executed within a period of 30 months. This development is considered a part of the company's normal course of business.
A plain-language summary of a public exchange filing by Rail Vikas Nigam Limited. Read the original for the full detail.