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The project forms a vital part of East Coast Railway’s ongoing efforts to upgrade the rail network, ensuring better operational efficiency and passenger safety.
The primary focus of the MoU is to jointly pursue infrastructure development projects in the GCC region, which includes countries such as Saudi Arabia, UAE, Qatar, Bahrain, Oman, and Kuwait.
The scope of the project includes the design, supply, erection, testing, and commissioning of traction substations with associated switching posts.
The project involves the doubling of the track between Parbhani and Parli stations, spanning 58.06 km in Maharashtra, excluding Gangakhed Yard (6.775 km). In addition to the track doubling, the project will also include electrification and signaling works.
The scope of work includes earthwork in cutting and filling, blanketing, construction of minor and major bridges, road under bridges (RUB), road over bridges (ROB), retaining walls, level crossings, side drains, catchwater drains, track-laying (P.Way work), and other ancillary tasks.
RVNL managed to close the session at ₹237.95, up ₹0.40 (0.17%) from its previous close. The trading activity was brisk, with 6,393,948 shares exchanging hands, amounting to a traded value of ₹15,214.40 lacs.
The trading session commenced with RVNL's stock opening at ₹241.80, slightly higher than the previous day's close. However, there was an intraday high of ₹242.45 and a low of ₹232.05.
Despite the price swings, RVNL's stock eventually settled at ₹241.25 by the closing bell, registering a decline of 0.56% or ₹1.35 from its previous close of ₹242.55.
The session began on a cautious note, with RVNL's shares opening at ₹250.75, almost in line with the previous close. The stock touched an intraday high of ₹250.75, later plunging to an intraday low of ₹241.05.
Indian Railways is set to collaborate with Swiss companies for tunneling works in major projects like the Rishikesh-Karan Prayag and Udhampur-Srinagar-Baramulla rail links, aiming to enhance infrastructure, safety, and operational efficiency.
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