RVNL secures lowest bid for Southern Railway project
** Rail Vikas Nigam Limited (RVNL) [BSE: RVNL] has announced that it has been selected as the lowest bidder (L1) for an "Upgradation work of electric traction system" project by Southern Railway. The project involves upgrading the electric traction system from 1x25 kV to 2x25 kV for the Salem Jn. (SA)-Podanur Jn. (PTJ) & Irugur (IGU)-Coimbatore Jn. (CBE)-Podanur Jn. (PTJ) section of Salem division. The project aims to meet a 3000 MT loading target. The total cost of the project is valued at INR 143,37,87,127.90. The project is expected to be completed within 24 months. RVNL clarified that this work is part of its normal course of business.
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