Rail Vikas Nigam Limited (RVNL) has been awarded a contract from North Central Railway for Provision of E1 based Automatic Signalling with continuous track circuiting and other associated works including suitable Indoor alteration in Electronic Interlocking/RRI/PI stations enroute in Jhansi (incl)-Gwalior (Incl.) section of Jhansi Division of North Central Railway.
More Details:
Details of the contract awarded are as under:
- Rail Vikas Nigam Limited has received Letter of Award (LOA) from North Central Railway for Provision of E1 based Automatic Signalling with continuous track circuiting and other associated works including suitable Indoor alteration in Electronic Interlocking/RRI/PI stations enroute in Jhansi (incl)-Gwalior (Incl.) section of Jhansi Division of North Central Railway.
- Time period by which the order(s)/contract(s) is to be executed is 545 Days.
- Broad consideration or size of the order(s)/contract(s) is INR 121,05,77,446.00/-
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 crore.
- 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
