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MoneyWorks4Me

Rail Vikas Nigam's JV emerges as lowest bidder for project worth Rs 81.22 crore

17 May 2023 Evaluate

RVNL-GEW, a joint venture (JV) between Rail Vikas Nigam (RVNL) and M/s Ganapathi Engineers Works (GEW), has emerged as the lowest bidder (L1) from South Central Railway for ‘Comprehensive signalling and telecommunication works for provision of automatic block signalling system in Balharshah - Makudi section of Secunderabad Division in South Central Railway.’

The cost of project is Rs 81.22 crore (M/s Ganapathi Engineers Works, Hubli Share is 51% and M/s Rail Vikas Nigam Share is 49%). 

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.

Peers
Company Name CMP
Larsen & Toubro 4118.90
Kalpataru Projects 1370.40
NCC 122.95
Rail Vikas Nigam 192.25
KEC International 333.10
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