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 emerged as the Lowest Bidder (L1) for a project from East Coast Railway. The contract involves providing MSDAC (Multi-Section Digital Axle Counter) to improve reliability in the ABS section between MZY and KUR stations, covering multiple stations in the KUR division of East Coast Railway. The work also includes alterations to Electronic Interlockings from various manufacturers like HITACHI Rail STS, MEDHA Servo Drives, Siemens Rail Automation, and KYOSAN. The contract value is INR 164.19 crore (approximately ₹164 crore) with an execution timeline of 18 months. This is a domestic order awarded by a government entity in the normal course of business.
This announcement is positive as it confirms a new infrastructure order for RVNL, adding to their order book. However, being the L1 bidder means the company offered the lowest price, which may have lower margins. The order value of ₹164 crore is significant for a railway infrastructure company like RVNL.