Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from South 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 an order from South Central Railway. The work involves design, supply, erection, testing and commissioning for upgrading the existing 1x25kV OHE system to a 2x25kV AT feeding system across 195.5 RKM/391 TKM in the Duvvada-Rajahmundry and Samalkot-Kakinada Port section of the Vijayawada Division. The total contract value is Rs 213.22 crore inclusive of taxes, with a 24-month execution timeline. This is a domestic order and is part of the company's normal course of business.
This is a positive development for RVNL as it adds Rs 213.22 crore to the order book from a domestic government client, reinforcing its position in railway electrification projects. However, the contract size is modest relative to RVNL's overall order book, so the immediate stock impact may be limited.