RVNL bags L1 status for ₹244 crore railway electrification contract
Himanshu Bose
Rail Vikas Nigam Ltd (RVNL) on Friday informed exchanges that it has emerged as the lowest bidder (L1) for a railway electrification upgrade project from West Central Railway.
According to the company, the project involves design, modification, supply, erection, testing and commissioning of 132kV/55kV Scott connected traction substations and switching posts with AT between the Itarsi and Shridham section of Jabalpur Division under West Central Railway.
The contract is part of the upgradation of the electric traction system from 1x25kV to 2x25kV to support the targeted 3000 MT freight loading capacity for the railway zone.
As per the filing, the estimated cost of the work stands at approximately ₹244.33 crore, including applicable taxes, and the project is expected to be executed over a period of 18 months.
RVNL stated that the order has been awarded by a domestic entity under general contract conditions and falls within the normal course of the company’s business operations.
Shares of RVNL meanwhile are trading flat at Rs 272.20 on the NSE at the time of publishing.
Rail Vikas Nigam Limited is a central public sector enterprise under the Ministry of Railways and is engaged in implementing railway infrastructure projects including new lines, electrification, bridges, workshops and metro-related works across India.
Disclaimer: This article is based on company filings and publicly available information. Investors are advised to consult certified financial advisors before making investment decisions.