Rail Vikas Nigam secures lowest bidder status in railway project

Rail Vikas Nigam Limited (RVNL) [BSE: 542649] announced today that it has been declared the lowest bidder (L1) for a project tendered by South Central Railway. The project entails the design, supply, erection, testing, and commissioning of OHE upgradation from 1X25kV to 2X25kV with associated feeder and earthing works across sections of the Vijayawada Division. The total project cost is valued at INR 213,22,48,546.62. RVNL expects to complete the project within 24 months. The company clarified that the project is in the normal course of business.