Rail Vikas Nigam Limited (RVNL) has been awarded a contract from North Western Railway for Provision of Automatic Block Signalling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western.
More Details:
Details of the contract awarded are as under:
- Rail Vikas Nigam Limited has received Letter of Award (LOA) from North Western Railway for Provision of Automatic Block Signalling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western.
- Time period by which the order(s)/contract(s) is to be executed is 09 Months
- Broad consideration or size of the order(s)/contract(s) is INR 63,08,33,695.32/-
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
