RVNL emerges lowest bidder for supply and installation of 11 KV Line associated works at various locations in Jabalpur

Rail Vikas Nigam Limited (RVNL) emerges as lowest bidder for “Supply, installation, testing and commissioning of 11 KV line associated works such as 11 KV line bifurcation, 11 KV line interconnection, 11 KV line conductor augmentation, LT AB cabling augmentation and conversion of LT Bare conductor to AB cabling under revamped reforms-based and results-linked Distribution Sector (Package-12) in Sidhi, Singrauli, Sagar, Damoh, Chhatarpur, Panna and Tikamgarh Circles of MPPKVVCL, Jabalpur Company Area.”

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 “Supply, Installation, Testing and Commissioning of 11 KV Line associated works such as 11 KV line Bifurcation, 11 KV Line Interconnection, 11 KV Line Conductor Augmentation, LT AB cabling augmentation and conversion of LT Bare conductor to AB cabling under Revamped Reforms-based and Results-linked Distribution Sector (Package-12) in Sidhi, Singrauli, Sagar, Damoh, Chhatarpur, Panna and Tikamgarh Circles of MPPKVVCL, Jabalpur Company Area.”
  • The cost of the project without taxes is Rs. 111.85 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