Rail Vikas Nigam Limited (RVNL) emerges as lowest bidder for Composite Contract Package in connection with New BG Railway Line of HORC 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) emerges as the Lowest Bidder (L1) for Package No. C-4: Composite Contract package in connection with new BG Railway Line of HORC project for:
- Design & Construction of Twin Tunnel using NATM and cut & cover method from km 24.880 to km 29.580
- Design & Installation of Ballast less Track (excluding supply of rails) from km 24.856 to km 29.680
- Detailed Design, Supply, Installation, Testing & Commissioning of General Electrical Services including Supply, Erection, Testing and Commissioning of 11 kV HT/LT power and Control Cable Network. GIS Substation (11/0.433) kVA. Tunnel lighting system, etc. from km 24.880 to km 29.680
- Design & Construction of Embankment. Bridges and other miscellaneous works from km 12.00 to km 18.00
- The cost of the project is Rs. 1088.49 Crore.
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
