Rail Vikas Nigam Limited (RVNL), a leading public sector enterprise under the Ministry of Railways, has emerged as the Lowest Bidder (L1) for a prestigious project awarded by Central Railway worth Rs 137 crore.
This contract involves the Design, Supply, Erection, Testing, and Commissioning of a 132/55 KV Traction Substation, along with Sectioning Posts (SPs) and Sub Sectioning Posts (SSPs) in the 2 x 25 KV Traction System, specifically for the Bhusaval – Khandwa Sections of Central Railway.
Project Details
- Entity Awarding the Contract: Central Railway
- Project Nature: Design, Supply, Erection, Testing & Commissioning of Traction Substation, SPs, and SSPs.
- Time Frame for Execution: 24 months
- Contract Value: The total cost of the project is ₹137,16,51,391.19 (approximately 137 crore INR), including applicable taxes.
- Awarding Entity: Domestic Entity
In the meantime, RVNL shares closed at ₹411.80, showing a slight dip from the opening price of ₹425.00. The stock reached a high of ₹429.50 and a low of ₹404.40 during the session. Over the past 52 weeks, RVNL has seen a significant price range, with a high of ₹647.00 and a low of ₹176.00.
