STOCKWATCH

RVNL-RPPL JV Emerges as Lowest Bidder for INR 613 Crore Bengaluru Suburban Rail Project

Rail Vikas Nigam Ltd - RVNL-RPPL (JV) has emerged as the Lowest Bidder (L1) for the construction of nine stations, including elevated and at-grade stations, for the Bengaluru Suburban Rail Project (BSRP). The project cost is INR 613,00,00,000 (Rupees Six Hundred Thirteen Crore Only) and is to be executed within 24 months. The JV comprises 51% share from RVNL and 49% from Rithwik Projects Pvt. Ltd. (RPPL).

• RVNL-RPPL JV emerges as the Lowest Bidder for the Bengaluru Suburban Rail Project (BSRP)
• The project involves the construction of nine stations, including elevated and at-grade stations
• The project cost is INR 613,00,00,000 (Rupees Six Hundred Thirteen Crore Only)
• The project is to be executed within 24 months
• The JV comprises 51% share from RVNL and 49% from Rithwik Projects Pvt. Ltd. (RPPL)