Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from East Coast Railway- Normal course of business of the Company.
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has been declared the Lowest Bidder (L1) for a railway signalling and safety systems project from East Coast Railway. The contract involves provision of MSDAC (Mobile Snail Detector and Announcement System) to improve reliability in the ABS section between MZY and KUR stations, covering multiple stations in the KUR division. The order value is INR 164.19 crore (approximately ₹164.19 crores) with an execution timeline of 18 months. The project involves equipment from multiple vendors including HITACHI Rail STS India, MEDHA Servo Drives, Siemens Rail Automation, and others. This is a domestic government railway order and part of RVNL's normal course of business.
This is a positive development as RVNL secures a ₹164 crore contract from a government railway entity, demonstrating continued order book growth. The order size and 18-month execution period will contribute to RVNL's revenue visibility over the next 1-2 fiscal years.