MoneyWorks4Me

RVNL's JV emerges as L1 for Indore Metro Rail Project

12 Dec 2023 Evaluate

Rail Vikas Nigam’s (RVNL's) joint venture (JV)- RVNL-URC has emerged as the Lowest Bidder (L1) for Part Design and Construction of Elevated Viaduct, Five Elevated Metro Rail Stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862 for Indore Metro Rail Project. Size of the contract is Rs 543 crore excluding GST. RVNL has a 51% stake in JV, while the rest is held by URC. 

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 3632.00
Kalpataru Projects 1368.90
NCC 125.55
Rail Vikas Nigam 199.75
KEC International 352.15
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