RVNL, a government-owned company, has secured the lowest bid (L1) for a ₹210.78 crore project awarded by South Eastern Railway. The contract involves upgrading the electric traction system to enhance freight capacity.
RVNL has been selected as the lowest bidder (L1) for a significant railway infrastructure project by the South Eastern Railway. Being the L1 bidder means that RVNL has submitted the most cost-effective proposal compared to other competing bids, allowing them to secure the contract for the project.
The awarded contract involves upgrading the existing electric traction system from 1 x 25 KV to 2 x 25 KV in the Kharagpur-Tatanagar section of the Kharagpur/Chakradharpur division. This achievement highlights RVNL’s competitive pricing and technical expertise in executing large-scale railway projects.
The enhancement will enable the railway system to handle higher power loads efficiently, reducing operational bottlenecks.
One of the primary objectives of this upgrade is to support a 3000 MT loading capacity which will significantly enhance freight transportation efficiency. The improved traction system will allow for the movement of heavier loads with better power distribution, making railway freight operations more sustainable and cost-effective.
Rail Vikas Nigam Limited (RVNL) is a government-owned company under the Ministry of Railways. Established in 2003, RVNL specialises in infrastructure development including railway construction, electrification and modernisation projects. The company plays a crucial role in enhancing railway networks across India, ensuring better connectivity and efficiency in freight and passenger transportation.
As of February 10, 2025, at 10:35 AM, with a market capitalisation of ₹794.39 billion, the shares of RVNL are trading at ₹381.40 per share, down 3.46% from the previous day’s closing price. Over the last month, the stock has declined by 3.03% and over the last year it has fallen by 10.91%. The stock’s 52-week high is ₹647 and 52-week low is ₹213.05
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Published on: Feb 10, 2025, 4:32 PM IST
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