RVNL JV bags contract for Eastern Railway project worth Rs 837.67 crore
The contract is to be completed in 36 months. As per the JV, RVNL is the lead member holding a 74% stake, while SCPL is the other member holding a 26% stake.
RVNL JV bags contract for Eastern Railway project worth Rs 837.67 crore
Rail Vikas Nigam Limited (RVNL) said its joint venture with SCPL has emerged as the lowest bidder for an Eastern Railway project worth Rs 837.67 crore.
The contract involves earthwork in cutting and filling, blanketing, construction of minor bridges, major bridges, RUB, ROB, retaining wall, level crossing, side drain, catch water drain, and ancillary works at a section between Kalipahari and Pradhankhuta in connection with construction of multi-tracking railway BG line, the company said.
The contract is to be completed in 36 months. As per the JV, RVNL is the lead member holding a 74% stake, while SCPL is the other member holding a 26% stake.
RVNL shares were trading 1.59% higher at Rs 453.3 per share on Tuesday, November 5. The stock has gained 148.76% this year, so far.
Read Also : How the Revolutionary Aviator Game Website is Changing the Online Gambling Scene
News Must Read
- Possible Collaboration between NLC India and Kerala State Electricity Board
- BEML wins BH60 Rear Dump Trucks worth of Rs 247 crore
- Navaratna PSU stock: Railtel bags order worth Rs 9.93 crore, shares rises above 1.4%
- PSU Honor: Power Ministry awarded First Prize to SJVN
- NLC India Limited Contributes Rs. 1 Crore to Kerala Disaster Mitigation Fund
- THDC India Achieves Major Milestone
- RITES signs MoU with NISE for assuring quality in Green Energy
- DMRC, NCRTC Launches Integrated QR-Ticketing System Enabling Seamless Travel
- K Sanjay Murthy appointed new Comptroller and Auditor General of India
- NHPC Director Reviews Progress of 2000 MW Subansiri Lower HE Project