Receipt of Letter of Acceptance (LOA) from Southern Railway.
RVNL · price
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Awaiting price reaction for this filing.
Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance from Southern Railway for installing Video Surveillance Systems (VSS) at 441 D & E category stations, plus augmentation work at 43 stations across categories A1, A, B, and C. The total contract value is approximately Rs. 90.65 crore (Rs. 90,64,80,195.36). The project is to be completed within 18 months from the date of award. The order is a domestic contract and does not involve any related party transaction, as the promoter group has no interest in the awarding entity. The work falls within RVNL's normal course of business.
This is a positive order win that adds to RVNL's order book, though the value (Rs. 90.65 crore) is relatively small compared to RVNL's overall revenue base and is unlikely to materially move the stock. It reinforces RVNL's position in railway infrastructure and signalling-related projects.