Rail Vikas Nigam Limited (RVNL) has been awarded three (3) no. of Letter of Acceptance from Chennai Metro Rail Limited (CMRL) of Underground Stations for Phase-2 Project.
More Details:
- In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, it is hereby informed that Rail Vikas Nigam Limited (RVNL) has received three (3) nos. Letter of Acceptance from Chennai Metro Rail Limited (CMRL) of Underground Stations for Phase-2 Project.
Details of the contract awarded are as under:
S. No. | Name of Work | Completion Period | Broad size of the Contract |
1 | Construction of five underground stations at KMC (Kilpauk), sterling road jn, Nungambakkam, Gemini (Anna Flyover), thousand lights and thousand lights cross over box and works other than diaphragm wall of two underground stations at Royapettah Govt. Hospital (Royapettah) & Chetpet Metro in Corridor-3 of CMRL Phase-2 project. | 1725 Days | INR 1730,59,05,116/- |
2 | Construction of four underground stations at Dr. Radhakrishnan sala, Thirumayilai, Mandaiveli, and Adyar Junction and two cross passage shafts and one emergency escape shaft and works other than diaphragm wall of one underground station at Greenways Road Metro in Corridor-3 of CMRL Phase-2 project. | 1725 Days | INR 1461,97,56,056/- |
3 | Construction of three (03) underground stations at Adyar Depot, Indira Nagar and Taramani Road Junction (Taramani) and Ramp and works other than diaphragm wall of underground station at Thiruvanmiyur Metro in Corridor-3 of CMRL Phase-2 project. | 1630 Days | INR 865,62,90,599/- |
About Chennai Metro Phase-2:
- Phase II expansion has been planned for a length of 118.9 Km network with 128 nos. Of Stations. It consists of three Corridors i.e. Corridor -3 – From Madhavaram to SIPCOT (45.8 Km), Corridor -4 – From Lighthouse to Poonamallee Bypass (26.1 Km), Corridor-5- From Madhavaram to Sholinganallur (47 Km).
- The estimated cost of the project is Rs. 63246/- Cr (Rupees Sixty three thousand two hundred and forty six only) (including IDC). The project is proposed to be completed by the end of 2026.
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): CMRL
