Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from South East Central Railway- Normal course of business of the Company.
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Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder (L1) for a railway signalling and electrification project from South East Central Railway. The contract involves replacing panel interlocking with electronic interlocking, installing indoor and outdoor gears, constructing S&T service buildings, and electrifying service buildings across 15 stations in the Bilaspur Division. The order value is Rs. 221.33 crore (approximately Rs. 221,33,11,931.64) and is to be executed within 730 days (2 years). RVNL confirmed this is in the normal course of business and that no promoter group or related party has any interest in the awarding entity.
This is a positive development for RVNL as securing a Rs. 221 crore railway infrastructure order adds to the company's order book. As a government railway company, this reinforces RVNL's presence in the domestic railway signalling and electrification segment.