Shares of Rail Vikas Nigam Ltd (RVNL) slumped 4% on 20 Could regardless of the corporate saying rising because the Lowest Bidder (L1) for an order.
RVNL gained an order from IRCON Worldwide Ltd. with the bottom bid. The contract covers the supply of signalling, telecommunications, and digital in-motion weigh bridge (EIMWB) supplies.
The order will cowl the set up, testing, and commissioning of distributed/centralised digital interlocking installations at ten new stations: Surakacchar, Block Cabin, Katghora Highway, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan, and Bhadi.
RVNL said in an trade submitting that it’s going to additionally embrace six new intermediate block signalling (IBS) within the Bhingra-Putuwa, Putuwai-Matin, Sendurgarh-Putipakhana, Putipakhana-Bhadi, Bhadi-Dhangawan, and Dhangawan-Pendra Highway block sections.
The corporate may even set up, take a look at, and fee a brand new part management system with headquarters and wayside prepare management communication tools/system within the Gevra Highway-Pendra Highway part, in addition to conduct phone trade and EIMWB installations at acceptable places by the execution of varied signalling and telecommunication works.
Lastly, the order consists of changes or enhancements to the prevailing panel interlocking set up at Kusmunda Block Station yard and the present digital interlocking set up at East Cabin of the SECL SILO Siding yard, in addition to different miscellaneous work.
On 15 Could, RVNL obtained a letter of intent from the Central Railway for an almost Rs 116 crore contract to improve the electrical traction system.
In response to the company, the order is anticipated to be accomplished inside 24 months.
The contract is for the conversion of the present 1×25 KV electrical traction system to 2×25 KV on the feeding system within the Itarsi-Amla portion of the Nagpur Division, in keeping with RVNL.
At 1:32 pm, the shares of RVNL have been buying and selling 3.02% decrease at Rs 418.20 on NSE.
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