Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from North Eastern 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 contract awarded by North Eastern Railway. The contract involves design, supply, erection, testing, and commissioning of traction sub-stations with associated switching posts for a 2x25 KV AT traction feeding system on the Varanasi-Prayagraj section of the Varanasi Division. The work is under EPC (Engineering, Procurement & Construction) mode, with a contract value of Rs 129.46 crore (inclusive of applicable taxes) and a completion period of 730 days. The company has confirmed this is in the normal course of business, and no related party interest exists.
Winning this L1 bid strengthens RVNL's order book and confirms continued execution capability in railway electrification infrastructure, which is positive for revenue visibility over the next ~2 years.