RVNL Wins Rs 129 Crore North Eastern Railway Electrification Project

RAILWAY
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AuthorRiya Kapoor|Published at:
RVNL Wins Rs 129 Crore North Eastern Railway Electrification Project
Overview

Rail Vikas Nigam Limited (RVNL) has been chosen as the lowest bidder for a Rs 129.46 crore electrification project from North Eastern Railway. The contract involves upgrading power systems for the Varanasi-Prayagraj section to enhance electric traction capacity. This project aligns with RVNL's core business.

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Rail Vikas Nigam Limited (RVNL), a key player in Indian Railways' construction, announced it is the lowest bidder for a major electrification project. North Eastern Railway has awarded RVNL the contract, valued at Rs 129.46 crore including taxes. The project aims to improve electric traction power supply along the Varanasi-Prayagraj route.

Project Details

The work includes designing, supplying, installing, testing, and commissioning traction substations and switching posts. This is for a 2x25 KV auto-transformer (AT) traction feeding system. The project has a completion deadline of 730 days from the award date. RVNL stated that this project is part of its usual business and does not involve related parties.

Stock Performance

As of May 20, RVNL's stock saw a minor decrease of 0.72%. In the last month, the stock has fallen by 8.99%, and year-to-date, it is down 25.43%. Despite this recent performance, the new contract indicates ongoing business wins for the public sector company.

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