In a significant stride, Rail Vikas Nigam Limited (RVNL) has secured a work order from Central Railway, valued at Rs. 47.36 Crores. The contract entails the provision of automatic block signalling on the Khapri-Sewagram section.
More Details:
- Rail Vikas Nigam Limited has received a Letter of Acceptance from Central Railway for “Signalling and Telecommunication work for provision of Automatic block signalling on Khapri – Sewagram section of Nagpur Division.”
- The contract amount on which the order has been received is: Rs. 47,36,54,438.19/-
- The awarded contract completion period is: 12 Months
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.
Conclusion:
This significant project underscores RVNL’s expertise and commitment to enhancing railway infrastructure. The implementation of automatic block signalling will not only improve operational efficiency but also enhance safety along the Khapri-Sewagram route.
Source: RVNL – Press Release | Image Credit (representational): MoR
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