RVNL shares in focus on emerging as L1 bidder for Rs 137 cr Central Railways project
Rail Vikas Nigam (RVNL) are expected to remain in focus on Tuesday as the company informed that it emerged as the lowest (L1) bidder for a project worth Rs 137.16 crore for the Bhusaval-Khandwa Sections of Central Railway.
“In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from Central Railway for Design, Supply, Erection, Testing & Commissioning of 132/55 KV Traction Substation, Sectioning post (SPs) and Sub sectioning post (SSPs) in 2 x 25 KV Traction System (Scott Connected Transformer) of Bhusaval — Khandwa Sections of Central Railway, to meet 3000 MT loading target on EPC mode,” said the company in an exchange filing.
RVNL also informed that the company will be completing the project in about 12 months.
Shares of RVNL have increased by 125% and 124% in the last one year and in the current calendar year, However, in the last 6 months, the stock has fallen by approximately 23% in the last 3 months and by 1.8% in the last 6 months.
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