Ashoka Buildcon wins Rs 602 Cr LOA from RVNL for rail tunnel E and M project
ASHOKA · price
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Ashoka Buildcon received Letter of Acceptance from Rail Vikas Nigam Ltd (RVNL), a Government of India PSU, for a project worth Rs 602.16 Crore including GST. Scope: supply, erection, testing and commissioning of electro mechanical systems (GIS substations, HT and LT cables, DG sets, lighting, UPS, ventilation and fire fighting) for four railway tunnels T-13 to T-16 under package E-4 of the Rishikesh-Karnprayag new broad gauge rail line in Uttarakhand. Completion period 30 months. Performance bank guarantee of Rs 25.51 Crore. Defect liability 2 years.
New order worth Rs 602 Crore from a government PSU strengthens order book and supports revenue visibility over the next 30 months.