Rail Vikas Nigam Limited Secures EPC Contract for Railway Modernization Project valued at Rs 221 Crore
Rail Vikas Nigam Limited has secured a contract mandate from the South East Central Railway for a major modernization project spanning the Bilaspur Division. The awarded work involves comprehensive railway infrastructure upgrades, falling under the category of Engineering, Procurement, and Construction (EPC).The project encompasses the replacement of panel Interlocking with Electronic Interlocking across multiple sections. Additionally, the scope includes all necessary indoor and outdoor gears, construction of S&T service buildings, and electrification of S&T service buildings, including associated cabling works. The work is designated for adjoining block sections and stations within the Bilaspur Division of South East Central Railway.
The contract details confirm that it is a domestic engagement awarded by a domestic entity. The project has been allocated a timeline of 730 days for execution. Rail Vikas Nigam Limited stated that this particular assignment falls within the normal course of its business operations.
Key details of the contract award are presented in the table below:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | South East Central Railway |
| Nature of Work | Replacement of panel Interlocking with Electronic Interlocking, all indoor and outdoor gears, OFC huts, construction of S&T service buildings & Electrification of S&T service buildings including cabling works in adjoining block sections of BSPR, KLPG, ABKP, MZH, HRV, PRDL, KTMA, BJRI, KJZ, MDGR, CHRM, GTK, KLTR, PLAU & KBS stations of Bilaspur Division. |
| Contract Type | Engineering, Procurement, and Construction (EPC) |
| Entity Type | Domestic Entity |
| Time Period for Execution | 730 Days |
| Broad Consideration / Size of Order | Rs. 221,33,11,931.64/- (Rupees Two Hundred And Twenty-One Crore Thirty- Three Lakh Eleven Thousand Nine Hundred And Thirty-One Paise Only). Rupees And Sixty-Four |
RVNL Stock Price Movement
Shares of Rail Vikas Nigam Limited slipped by 3.44% in post-market trading, settling today at ₹228.23 after falling significantly from its previous close. The stock's decline was severe as it plunged to hit a 52-week low during the session, amidst robust volume exceeding 8 million shares.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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