Ashoka Buildcon Wins ₹602 Cr Electro-Mechanical Project from RVNL

Ashoka Buildcon Limited has received a Letter of Acceptance from Rail Vikas Nigam Limited (RVNL) for a significant electro-mechanical (E&M) system project. The project, valued at ₹602.16 Crore (including GST), involves supply, erection, testing, and commissioning of E&M systems for tunnels T-13, T-14, T-15 & T-16 under package E-4 of the Rishikesh Karnprayag New BG Rail Line Project in Uttarakhand. The execution period is 30 months from the commencement date. The company will need to submit a Performance Bank Guarantee of ₹25.51 Crore, and the contract includes a 2-year defect liability period. This award signifies a substantial business win for Ashoka Buildcon.