New Delhi: Rail Vikas Nigam Limited (RVNL), a prominent Public Sector Undertaking (PSU) under the Ministry of Railways, has announced that it has emerged as the lowest bidder (L1) for a significant project awarded by Western Railway.
The contract involves strengthening Signal & Telecommunication (S&T) maintenance activities by deploying round-the-clock manpower for the maintenance, repair, and upkeep of signaling and telecom equipment installed at various locations across the Ahmedabad Division.
Project Scope and Value
The project is valued at Rs 40.41 crore and is scheduled to be completed within a 24-month execution period. This strategic contract is expected to enhance the operational reliability and safety of the S&T systems in one of the key railway divisions in Western India.
Read also: RVNL Awarded Key Southern Railway Project Worth Rs 145.34 Crore to Boost Freight Capacity
Positive Market Reaction
Following the announcement of the order win, RVNL shares witnessed a notable uptick, rising by 0.64% to Rs 346.60 as of 2:20 PM on the Bombay Stock Exchange (BSE). The stock opened the trading session at Rs 344.25 and touched an intraday high of Rs 347.70, reflecting investor confidence in the company’s project pipeline and execution capabilities.
Strengthening RVNL’s Project Portfolio
This order adds to RVNL’s growing portfolio of rail infrastructure and maintenance projects, reinforcing its position as a key player in modernizing India’s railway network. Known for its strong project execution track record, RVNL continues to secure large-scale contracts across the country, contributing to the government’s vision of enhancing rail safety and efficiency.
About Rail Vikas Nigam Limited (RVNL)
Rail Vikas Nigam Limited (RVNL) is a leading Public Sector Undertaking under the Ministry of Railways, Government of India. Incorporated in 2003, RVNL is primarily engaged in the development, financing, and implementation of railway infrastructure projects, including new lines, doubling, electrification, metro projects, and workshops. The company has played a vital role in expanding and modernizing India’s railway infrastructure and is recognized for its timely project delivery and engineering expertise.
Read also: RVNL CMD Vacancy: PESB Shortlists 10 Candidates; Interviews Set for September 15
