Rail Vikas Nigam Limited (RVNL) emerges as lowest bidder for “Comprehensive signalling and telecommunication works for provision of automatic block signalling system in Balharshah-Makudi section of Secunderabad Division in South Central Railway.”
More Details:
- In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, RVNL-GEW (JV) emerges as the Lowest Bidder (L1) from South Central Railway for “Comprehensive signalling and telecommunication works for provision of automatic block signalling system in Balharshah- Makudi section of Secunderabad Division in South Central Railway.”
- The cost of the project is around Rs. 81,22,28,896.04/-
- Time period by which the order is to be executed is 540 Days.
- RVNL has participated in a consortium with M/s Ganapathi Engineers Works, Hubli, whose Share is 51% and M/s Rail Vikas Nigam Limited with Share of 49%.
About RVNL:
- The company began its operation in 2005 with the appointment of a Board of Directors.
- The company was granted Miniratna status in September 2013.
- RVNL has been rated “Excellent” for the 9 successive years by the Department of Public Enterprises.
- RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years.
- The turnover of the company for the financial year 2019-20 has increased by 44.44%.
- The authorised share capital of the company is Rs. 3000 cr. with paid up share capital of Rs. 2085 cr.
- The company has been listed after its disinvestment of its stake of 12.16% of the company through IPO.
Source: RVNL- Press Release | Image Credit (representational): MoR
