Deals12 Dec 2024, 07:44 pm
Rail Vikas Nigam Ltd Receives Letter of Acceptance from Southern Railway for Provision of MSDAC with Existing DCTC at Stations
AI Summary
Rail Vikas Nigam Ltd (RVNL) has announced that it has received a Letter of Acceptance from Southern Railway for the provision of MSDAC with existing DCTC at stations and replacing balance AFTCs in MAS- GDR & MSB-TBM automatic block signalling sections of Chennai Division in Southern Railway. The project is worth Rs. 1,10,86,49,140.99 and is to be executed within 18 months. The project does not fall under related party transactions and the promoter/ promoter group / group companies do not have any interest in the entity that awarded the order.
Key Highlights
- RVNL has received a Letter of Acceptance from Southern Railway for a project worth Rs. 1,10,86,49,140.99.
- The project involves the provision of MSDAC with existing DCTC at stations and replacing balance AFTCs in MAS- GDR & MSB-TBM automatic block signalling sections of Chennai Division in Southern Railway.
- The project is to be executed within 18 months.
- The project does not fall under related party transactions.
- The promoter/ promoter group / group companies do not have any interest in the entity that awarded the order.