Rail Vikas Nigam Limited Emerges as Lowest Bidder for North Eastern Railway EPC Project
Rail Vikas Nigam Limited has successfully emerged as the Lowest Bidder (L1) for a significant power infrastructure upgrade project with the North Eastern Railway. The company confirmed that the work falls under its normal course of business operations.Under the contract awarded by the North Eastern Railway, Rail Vikas Nigam Limited was selected for the 'Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations with associated Switching Posts for 2x25 KV AT traction feeding system.' This crucial capacity up-gradation work is slated for the Varanasi-Prayagraj section within the Varanasi Division of the North Eastern Railway, utilizing an Engineering, Procurement & Construction (EPC) Mode.
This achievement confirms RVNL's ongoing involvement in critical railway power supply installations, solidifying its role in key infrastructure development areas.
RVNL Stock Price Movement
As of 2:36 PM, shares of Rail Vikas Nigam Limited are slipping by 0.83% in live trading, currently at ₹269.30. The stock sees significant activity as over 5.05 million shares change hands in the market today.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.
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