On December 03, 2024, Rail Vikas Nigam Ltd (RVNL) announced that it had received a Letter of Acceptance from East Central Railway for the design, supply and commissioning of traction substations in the Gomoh-Patratu section of the Dhanbad Division.
The project will upgrade the electric traction system from 1X25 KV to 2X25 KV AT feeding system. The contract value is ₹186.76 crore, including applicable taxes, and is expected to be completed within 540 days from the start date.
The contract is awarded by a domestic entity and falls under the general contract conditions for railway electrification.
There is no indication of interest from promoters or related parties, ensuring the transaction is free from related-party involvement. This contract further underscores RVNL’s role in the growing infrastructure development in India’s railway sector.
On December 1, 2024, Rail Vikas Nigam Limited (RVNL) was awarded the lowest bid for a ₹642.56 crore project from Punjab State Power Corporation Limited (PSPCL).
The project aims to enhance distribution infrastructure in Punjab’s central zone, with a focus on implementing high-tension/low-tension (HT/LT) loss reduction activities under the Reforms-Based and Results-Linked Revamped Distribution Sector Scheme (RDSS).
The contract has an estimated cost of ₹642.56 crore, and the work is expected to be completed within 24 months.
On December 04, 2024, Rail Vikas Nigam Ltd’s share price traded 2.19% higher at ₹447.20 at 9:30 AM on NSE. The stock opened at ₹443.75 higher than its previous close of ₹437.60.
Rail Vikas Nigam Limited (RVNL) is a public sector enterprise under the Ministry of Railways, Government of India. Established to spearhead the development and modernisation of railway infrastructure, RVNL focuses on a wide range of projects that encompass the design, construction, and electrification of railway systems, including tracks, stations, and bridges.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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