Deals10 Jun 2024, 11:46 pm
Rail Vikas Nigam Ltd Emerges as Lowest Bidder from Central Railway for 2 x 25 kV AT Feeding System Upgrade
AI Summary
Rail Vikas Nigam Limited has emerged as the Lowest Bidder (L1) from Central Railway for the OHE modification work to upgrade the existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT Feeding System in Amla-Nagpur Section in Nagpur division of Central Railway. The contract, worth Rs 138,45,86,991.62 (Rs One Hundred Thirty-Eight Crore Forty-Five Lakh Eighty-Six Thousand Nine Hundred Ninety-One rupees and Sixty-Two paisa) including applicable taxes, is to be executed within 24 months. The contract does not involve any related party transactions and there is no interest from the promoter/promoter group companies in the entity that awarded the order.
Key Highlights
- Rail Vikas Nigam Ltd emerges as the Lowest Bidder (L1) from Central Railway.
- Contract worth Rs 138,45,86,991.62 including applicable taxes.
- 24 months time period for execution of the contract.
- No related party transactions involved.
- No interest from promoter/promoter group companies in the entity that awarded the order.