Rail Vikas Nigam Ltd Emerges as Lowest Bidder for Development of Distribution Infrastructure in Himachal Pradesh

Rail Vikas Nigam Ltd (RVNL) has emerged as the Lowest Bidder (L1) for the 'Development of Distribution Infrastructure at CENTRAL ZONE of Himachal Pradesh under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme [Loss Reduction Works]' Tender No. [CE(MM)/RDSS-(P-1.1)/Central Zone] declared by HPSEBL. The cost of work is Rs 739,07,41,040/- (Rs Seven Hundred Thirty-Nine Crore Seven Lakh Forty-One Thousand Forty rupees) including applicable taxes. The execution period for the project is 24 months. There are no related party transactions involved and the promoter/promoter group/group companies do not have any interest in the entity that awarded the order.