Deals29 Nov 2024, 11:45 pm
Rail Vikas Nigam Ltd Emerges as Lowest Bidder from PSPCL with Rs 642 Crore Contract
AI Summary
Rail Vikas Nigam Limited has emerged as the Lowest Bidder (L1) from Punjab State Power Corporation Limited (PSPCL) for the development of distribution infrastructure work for Package-3 Central Zone. The contract, worth Rs 642,56,57,822 including taxes, is for the execution of HT/LT Infrastructure loss reduction works under the revamped distribution sector scheme (RDSS) in the state of Punjab. The time period for the execution of the contract is 24 months.
Key Highlights
- Rail Vikas Nigam Ltd emerges as the Lowest Bidder (L1) from PSPCL for a Rs 642 crore contract.
- The contract is for the development of distribution infrastructure work for Package-3 Central Zone under the revamped distribution sector scheme (RDSS) in Punjab.
- The contract is worth Rs 642,56,57,822 including applicable taxes.
- The time period for the execution of the contract is 24 months.
- The contract is not a related party transaction.