Deals7 Jun 2024, 11:52 pm
RVNL-KRDCL JV Emerges as Lowest Bidder for Southern Railway Signalling Project
AI Summary
Rail Vikas Nigam Ltd (RVNL) and KRDCL Joint Venture (JV) have emerged as the Lowest Bidders (L1) for the provision of Automatic Signalling on Ernakulam JN(ERS) - Vallattol Nagar (VTK) Section on B-Route of Thiruvananthapuram Division in Southern Railway. The contract is worth Rs. 156,47,03,304.52/- (Rupees- One Hundred Fifty Six Crore, Forty Seven Lakh Three Thousand Three Hundred Four Rupees and Fifty Two Paisa). The JV comprises of 49% RVNL and 51% KRDCL. The project is expected to be completed within 750 days.
Key Highlights
- RVNL-KRDCL JV wins L1 bid for Southern Railway signalling project.
- Project value: Rs. 156,47,03,304.52/- (Rupees- One Hundred Fifty Six Crore, Forty Seven Lakh Three Thousand Three Hundred Four Rupees and Fifty Two Paisa).
- Project duration: 750 days.
- RVNL's share in the JV: 49%.
- KRDCL's share in the JV: 51%.