RVNL bags Rs 284 crore work order from East Coast Railway
Rail Vikas Nigam Limited (RVNL) on Tuesday announced that it emerged as the lowest bidder from East Coast Railway for construction works in Odisha.
The order costing Rs 283.69 crore is to be completed in 24 months' time, the company informed stocks exchanges in a filing.
The work orders include 3rd and 4th line between Jarapada and Talcher Road and Construction of New line between Angul-Balram (MCRL Inner Corridor Phase-I Doubling 14 Kms).: Execution of balance earthwork in formation, minor bridges, major bridges, P.way linking works, supply of ballast, S&T Buildings, Level Crossing and other Misc. works between Jarapada and Talcher Road excluding station yards in connection with 3rd and 4th line of Jarapada-Budhapank Project and between Angul and Balram including yards of MCRL Inner Corridor Phase-I Doubling.
RVNL, under the Ministry of Railways, was granted 'Navratna' status last year. The Navratna companies have the autonomy to invest up to Rs 1,000 crore without seeking approval from the central government.
Rail Vikas Nigam Limited was incorporated as a PSU on January 24, 2003, with the objective of implementing projects relating to the creation and augmentation of capacities of rail infrastructure.
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