Rail Vikas Nigam Ltd Secures INR 3,942 Crore Order from Bangalore Metro Rail Corporation Ltd

Rail Vikas Nigam Ltd (RVNL) has announced that the Siemens-RVNL Consortium has received a Letter of Acceptance from Bangalore Metro Rail Corporation Ltd for the 'Engineering, Supply, Erection, Testing and Commissioning of 33 KV Distribution, 750V DC Third Rail Traction Electrification including Traction Substations, Auxiliary Substations and SCADA System for Phase-2A & Phase 2 B.' The cost of the work is INR 3,942,390,663.45 (Indian Rupees Three Billion Nine Hundred and Forty-Two Million Three Hundred and ninety Thousand Six Hundred and Sixty-three and Paise Forty-Five only) Plus EURO 41,119,535.00 (Euro Forty —One Million One Hundred and Nineteen Thousand Five Hundred and Thirty-Five only) inclusive of all applicable taxes & duties, cess and any other charges leviable except output GST payable. The order is to be executed in 130 weeks and does not fall under related party transactions.