Rail Vikas Nigam emerges as lowest bidder for two work orders in Gujarat

18 Jan 2023 Evaluate

Rail Vikas Nigam (RVNL) has emerged as the Lowest Bidder (L1) for the two works. The first order is for Supply, Erection, Testing and Commissioning of Power Supply Receiving & Distribution System, 750 V DC Third Rail Traction Electrification and Scada System for Surat Metro Rail Project Phase-I. The cost of the project is Rs 673.8 crore.

The second order is for Supply, Erection, Testing and Commissioning of Power Supply Receiving & Distribution System, 750 V DC Third Rail Traction Electrification and Scada System for Ahmedabad Metro Rail Project Phase-II. The cost of project is Rs 384.3 crore.

In above referred tenders, RVNL had participated in consortium with Siemens India. Siemens is the lead partner with 65% share and RVNL is having 35% share. The company has bagged order from Gujarat Metro Rail Corporation.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

Rail Vikas Nigam Share Price

252.95 -2.95 (-1.15%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3774.10
Rail Vikas Nigam 252.95
KEC International 694.00
Kalpataru Projects 1075.45
NCC 232.40
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