Rail Vikas Nigam Limited (RVNL) emerges as lowest bidder for 2 tenders of supply, erection, testing and commissioning of power supply receiving & distribution system, 750 V DC third rail traction electrification and Scada System for Surat Metro Rail Project Phase-I and Ahmedabad Metro Rail Project Phase-II.
More Details:
Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) for:
- Supply, erection, testing and commissioning of power supply receiving & distribution system, 750 V DC third rail traction electrification and Scada System for Surat Metro Rail Project Phase-I. (Cost Rs. 673.8 Crores).
- Supply, erection, testing and commissioning of power supply receiving & distribution System, 750 V DC third rail traction electrification and Scada System for Ahmedabad Metro Rail Project Phase-II. (Cost Rs. 384.3 Crores).
- In above referred tenders, RVNL had participated in a consortium with M/s SIEMENS India Limited. M/s Siemens is the lead partner with 65% share and RVNL is having 35% share.
- Letter of Award is yet to be issued by Gujarat Metro Rail Corporation Limited.
About RVNL:
- The company began its operation in 2005 with the appointment of a Board of Directors.
- The company was granted Miniratna status in September 2013.
- RVNL has been rated “Excellent” for the 9 successive years by the Department of Public Enterprises.
- RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years.
- The turnover of the company for the financial year 2019-20 has increased by 44.44%.
- The authorised share capital of the company is Rs. 3000 cr. with paid up share capital of Rs. 2085 cr.
- The company has been listed after its disinvestment of its stake of 12.16% of the company through IPO.
Source: RVNL- Press Release | Image Credit (representational): GMRC
