Rail Vikas Nigam Limited (RVNL) has been awarded a significant contract by Southern Railway, valued at ₹111.4 crore. The contract is for the provision of MSDAC (Multiple Section Digital Axle Counters) with existing DCTC (Dual Channel Token Control) at stations for dual detection and the replacement of remaining AFTCs (Automatic Fail-safe Token Counters) in the MAS-GDR and MSB-TBM automatic block signaling sections within the Chennai Division.
Here are the key details of the contract:
- Contract Duration: 18 months
- Total Contract Value: ₹111.39 crore
- Awarding Entity: Southern Railway
- Nature of Work: Installation of MSDAC and replacement of AFTCs in specified sections of the Chennai Division
- Domestic or International: Domestic
- Execution Timeframe: 18 months
The contract has a duration of 18 months and is valued at ₹111.39 crore. It involves the installation of Multiple Section Digital Axle Counters (MSDAC) and the replacement of Automatic Fail-safe Token Counters (AFTCs) in designated sections of the Chennai Division. This contract is domestic and is set to be completed within the specified 18-month timeframe.
As of 11:30 am the shares of RVNL were trading 1.09% higher at ₹583.50 on NSE.
