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 railway electrification project from North Eastern Railway. The contract involves design, supply, erection, testing, and commissioning of Traction Sub Stations with switching posts for a 2x25 KV AT traction feeding system. The project covers the Varanasi-Prayagraj section of Varanasi Division and is part of capacity up-gradation work for electric traction power supply installations. The contract is valued at Rs 129.46 crore (including taxes) and will be executed on an Engineering, Procurement & Construction (EPC) mode over a period of 730 days (approximately 2 years). This is a domestic order awarded by a government railway entity and is part of RVNL's normal course of business.
This is a positive development for RVNL as winning this L1 bid demonstrates continued order-winning ability in railway infrastructure. However, the contract value of approximately Rs 129 crore represents a modest addition to RVNL's order book given their annual revenues typically exceed Rs 10,000 crore. The order is not expected to have a significant immediate impact on the stock price but provides steady execution visibility over the next 2 years.