Rail Vikas Nigam Limited (RVNL) emerges as lowest bidder for “Design, manufacture, supply, installation, testing and commissioning of 2 nos. 110kV receiving substation including 110 kV, 33kV & 25kV cabling work, complete 25kV overhead catenary system along with switching station, 33Kv auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS) and complete SCADA system for main line & depot of Mumbai Metro line 2B of MMRDA.”
More Details:
- Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, this is to inform that “Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for “Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110kV receiving substation including 110 kV, 33kV & 25kV cabling work, complete 25kV overhead catenary system along with switching station, 33Kv auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS) and complete SCADA system for main line & depot of Mumbai Metro line 2B of MMRDA. (IFB No: MMRDA/2B/MMRP/CA-40)”.
- RVNL had participated in a consortium with M/s SIEMENS India Limited. M/s SIEMENS is the lead partner with 60% share & RVNL as consortium partner with 40% share.
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
About Siemens Limited:
- Siemens Limited is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power.
- From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation, the company creates technology with purpose adding real value for customers.
- By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, to transform the everyday for people.
- Siemens Limited is the flagship listed company of Siemens AG in India. As of September 30, 2022, Siemens Limited had Revenue from continuing operations of Rs. 14,832 crore and 8,317 employees.
Source: RVNL- Press Release | Image Credit (representational): MMRDA
