RVNL Receives ₹161 Cr Order from East Coast Railway
Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from East Coast Railway for the "Provision of MSDAC to increase reliability in ABS section from MZY to KUR and at RJGR, JRZ, SSPR, DNKL, HND & TLHD stations of KUR division". The project also involves alterations to existing signaling systems with equipment from various manufacturers. The contract is valued at ₹161,02,45,230.24 and is to be executed within 18 months. This order falls within the normal course of RVNL's business and is not a related party transaction.
Key Highlights
- RVNL secured a new contract worth ₹161.02 crore.
- The contract is with East Coast Railway for signaling upgrades.
- Project execution timeline is set at 18 months.
- The order is considered a routine business activity for RVNL.
- No promoter group interest in the awarding entity.
Price Impact
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