Deals20 Jul 2026, 02:23 pm
RVNL Lowest Bidder for ₹359 Cr East Central Railway Project
AI Summary
Rail Vikas Nigam Limited (RVNL) has been declared the Lowest Bidder (L1) by East Central Railway for a significant infrastructure project. The contract involves the construction of doubling work, including earthwork, blanketing, bridges, station buildings, and platform work, spanning 41.04 km from Kundawa Chainpur to Raxaul. The project is valued at INR 358,97,42,420.53 (approximately ₹359 crores), inclusive of 18% GST, and is to be executed within 1095 days. This award is considered a normal course of business for RVNL and does not involve related party transactions.
Key Highlights
- RVNL emerges as L1 bidder for a major railway infrastructure project.
- Project value stands at approximately ₹359 crores.
- Contract involves construction of railway doubling works over 41.04 km.
- Execution timeline for the project is 1095 days.
- This is a standard business development for RVNL.
Price Impact
More from RVNL