Deals6 Jun 2024, 10:31 pm
Rail Vikas Nigam Ltd Secures Rs. 495 Crore Contract from NTPC
AI Summary
Rail Vikas Nigam Ltd (RVNL), a Government of India Enterprise, has received a Letter of Award from National Thermal Power Corporation (NTPC) for a 'Project Execution Agency (PEA) contract for execution of Balance Civil & HM works of Barrage Complex including part HRT package of Rammam Hydro Electric Project Stage-III (3x40 MW)'. The contract is worth Rs. 495,14,16,130.68 (Rupees Four Hundred Ninety Five Crore Fourteen Lakhs Sixteen Thousand One Hundred and Thirty and Paisa Sixty Eight) excluding GST. The project is expected to be completed in 66 months.
Key Highlights
- RVNL has secured a significant contract from NTPC worth approximately Rs. 495 crores.
- The contract is for the execution of balance civil and HM works of barrage complex including part HRT package of Rammam Hydro Electric Project Stage-III (3x40 MW).
- The project is expected to be completed in 66 months.
- RVNL is a Government of India Enterprise.
- The contract was awarded by a domestic entity, NTPC.