Shares of Rail Vikas Nigam Ltd had been buying and selling within the pink and 1% decrease on 7 November regardless of the corporate saying that it has emerged because the lowest bidder (L1) for an order from the Central Railway value over Rs 272 crore.
The venture requires the corporate to design, provide, erect, check, and fee a 220/132/55 KV traction substation, together with sectioning posts (SPs) and sub-sectioning posts (SSPs) for the two × 25 KV Scott-connected traction system within the Daund–Solapur part of Central Railway.
The venture, which goals to fulfil a 3,000-MT loading goal, can be accomplished in 24 months by way of engineering, procurement, and development (EPC).
The corporate additionally instructed the markets that its promoters had no stake in Central Railway, and the order doesn’t fall inside associated occasion transactions.
Earlier, in October, Rail Vikas acquired three orders. The North Jap Railway granted a significant infrastructure venture for Rs 165.5 crore as a part of its standard operations.
The corporate said in its launch that the contract includes setting up the substructure of a bridge utilizing a Double-D kind nicely basis for double-line operations with RDSO 25-ton axle-load requirements. The bridge can be constructed over the river Gandak, between Paniyahwa and Valmikinagar stations, as a part of the doubling venture between Gorakhpur Cantt and Valmikinagar underneath the North Jap Railway.
The corporate emerged because the lowest bidder in October for a reverse public sale performed by South Central Railway for the design, provide, erection, testing, and commissioning of OHE upgradation from the prevailing 1×25 kV system to a 2×25 kV AT feeding system, together with feeder and earthing works, within the Ramgundam (RDM) – Kazipet (KZJ) part of the Secunderabad Division, spanning 92 RKM / 276 TKM. The venture worth stood at Rs 144,44,51,878.04.
Earlier, in October, Western Railway awarded the corporate a Rs 40,41,60,533.80 contract to strengthen S&T upkeep actions, together with round the clock manpower deployment for the upkeep, restore, and maintenance of signalling and telecom tools put in throughout varied places within the Ahmedabad Division for 2 years.
At 12:28 pm, the shares of Rail Vikas Nigam had been buying and selling 0.36% decrease at Rs 316.65 on NSE.
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