Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from South East Central Railway - Normal course of business of the Company.
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder (L1) for a railway infrastructure project from South East Central Railway. The project involves replacing panel interlocking with electronic interlocking, installing indoor and outdoor gears, constructing S&T service buildings with electrification, and cabling works across 16 stations in the Bilaspur Division. The contract value is Rs. 221.33 crore and is to be executed within 730 days. This is a domestic order in the normal course of business, with no related party transactions or promoter group interest involved.
The order adds to RVNL's order book and reaffirms its position as a competitive bidder for railway infrastructure projects. While positive for business visibility, the announcement contains no new material information that would significantly impact the stock.