Deals26 Jun 2024, 11:25 pm
RVNL-KRDCL JV Secures Southern Railway Contract for Automatic Signalling Worth Over Rs. 156 Crores
AI Summary
Rail Vikas Nigam Ltd (RVNL) announced that the KRDCL-RVNL Joint Venture (JV) has received a Letter of Acceptance from Southern Railway for the 'Provision of Automatic Signalling on Ernakulam JN - Vallattol Nagar Section on B-Route of Thiruvananthapuram Division in Southern Railway.' The contract is worth approximately Rs. 156,47,03,304.52 and has a 750-day execution period. This significant development marks the JV's successful entry into the Southern Railway sector, strengthening its presence in the Indian railway infrastructure domain.
Key Highlights
- RVNL-KRDCL JV secures Southern Railway contract for automatic signalling worth over Rs. 156 crores.
- Contract involves provision of automatic signalling on Ernakulam JN - Vallattol Nagar section in Southern Railway's Thiruvananthapuram Division.
- Contract value is approximately Rs. 156,47,03,304.52 with a 750-day execution period.
- This development fortifies the JV's presence in the Indian railway infrastructure sector.
- Southern Railway is a domestic entity, and no related party transactions are involved in this contract.