Deals15 Jul 2024, 08:10 pm
Rail Vikas Nigam Ltd Secures Contract from East Coast Railway Worth INR 160 Crores
AI Summary
Rail Vikas Nigam Ltd (RVNL) has received a Letter of Acceptance from East Coast Railway for the provision of Automatic Block Signaling system with dual MSDAC and alteration in existing El/PI/RRI stations in the section of Jakhapura-Nergundi, Khurda Road-Bhusundpur & Bhusundpur-Golanthra over Khurda Road Division of East Coast Railway. The contract is worth INR 160,08,57,055.35 and is to be executed within 24 months. This announcement was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- RVNL secures contract from East Coast Railway worth INR 160 Crores
- Contract for the provision of Automatic Block Signaling system and alteration in existing stations
- Project to be executed within 24 months
- Contract value: INR 160,08,57,055.35 (Rupees One Hundred Sixty Crore, Eight Lakh Fifty-Seven Thousand Fifty-Five Rupees and Thirty-Five Paisa Only)
- Announcement made in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015