RVNL Emerges as Lowest Bidder for Mega Electrification Project with South East Central Railway
Rail Vikas Nigam Limited (RVNL) has secured a significant contract, emerging as the Lowest Bidder (L1) for a major infrastructure upgrade project with the South East Central Railway. This contract is classified as being in the normal course of business operations for the company.The awarded contract involves comprehensive Engineering, Procurement, and Construction (EPC) work within the Bilaspur Division of the South East Central Railway.
The scope of work covers the replacement of panel Interlocking with Electronic Interlocking. The project scope also includes upgrading all indoor and outdoor gears, the construction of S&T service buildings, and the full electrification of S&T service buildings, including extensive cabling works in adjoining block sections. These sections include BSPR, KLPG, ABKP, MZH, HRV, PRDL, KTMA, BJRI, KJZ, MDGR, CHRM, GTK, KLTR, PLAU, and KBS stations.
The contract award details confirm that the project is executed with a domestic entity and falls under the domestic category. The total consideration for the project is valued at Rs. 221,33,11,931.64.
Key details regarding the contract award are summarized below:
| Detail | Description |
|---|---|
| Awarding Entity | South East Central Railway |
| Contract Nature | Engineering, Procurement, and Construction (EPC) |
| Project Scope | Replacement of panel Interlocking with Electronic Interlocking, 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 of South East Central Railway. |
| Contract Value | Rs. 221,33,11,931.64 (Rupees- Two Hundred Twenty-One Crore Thirty-Three Lakh Eleven Thousand Nine Hundred Thirty-One and Sixty-Four Paisa Only) |
| Execution Period | 730 Days |
| Domestic/International | Domestic Entity |
RVNL confirmed that the contract award does not involve related party transactions and that the promoter or promoter group has no interest in the entity awarding the contract.
RVNL Stock Price Movement
Rail Vikas Nigam Limited shares today slipped by 3.55% to settle at ₹283.3, closing down ₹10.50 from previous levels. The stock saw significant trading action, executing on a total volume of 4.64 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.
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.