E To E Transportation Infrastructure Wins Contract Worth Over ₹22 Crore from Southern Railway
E To E Transportation Infrastructure Limited has secured a major works contract worth ₹ 22,87,62,176 after being declared the lowest bidder (L1) by Southern Railway, Thiruvananthapuram Division. The agreement pertains to critical signaling and telecommunication arrangements for railway infrastructure development in Kerala.The contract involves the Provision of Indoor and Outdoor signaling and telecommunication arrangements at Neyyatinkara station. This assignment is part of stage-I and stage-II works related to the doubling of track between Thiruvananthapuram Central and Kanniyakumari Station. The work falls under the scope of Indian Railways (SR) and was awarded by a domestic entity.
The contract outlines specific terms regarding execution, duration, and financial considerations for E To E Transportation Infrastructure Limited. This assignment is stated to be in the normal course of business for the Company.
Key details pertaining to the works contract are summarized below:
| Particulars | Details |
|---|---|
| Contract Awarding Entity | Southern Railway, Thiruvananthapuram Division |
| Nature of Contract | Works contract for signaling and telecommunication arrangements |
| Work Scope | Provision of Indoor and Outdoor signaling and telecommunication arrangements at Neyyatinkara station |
| Project Context | Stage-I and stage-II works in connection with doubling of track between Thiruvananthapuram Central and Kanniyakumari Station |
| Contract Value | ₹ 22,87,62,176 |
| Execution Period | 8 months from the date of LOA |
The awarded contract is domestic in nature. The company confirmed that there are no conflicts or related party concerns regarding this engagement, as Southern Railway operates as a government entity under the Ministry of Railways.
E2ERAIL Stock Price Movement
E To E Transportation Infrastructure Limited saw its shares climb on Tuesday, concluding at ₹291.25 after posting a strong 2.58% gain. The stock traded with a volume of 27,200 shares, showing sustained investor interest in the construction firm.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.