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Rail Vikas Nigam emerges lowest bidder for two orders in MP worth Rs 280 crore

Jun 23, 2023

By: BlinkX Research Team

Rail Vikas Nigam Limited (RVNL) announced to the exchanges that it has emerged as the Lowest Bidder (L1) for two (2) Packages 16 and 17 of MPPKVVCL Jabalpur Company Area. 

The two orders have a combined value of Rs 280 crore, the company said in an exchange filing.

Further, as per the filing, Package - 16- Supply, Installation, Testing and Commissioning of New 11 KV Lines, LT Line on AB cable, Distribution Transformer Substation and Supporting works such as DPs, TPs, Crossing etc. for separation of 11 KV mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-16) in Chhatarpur circle of MPPKVVCL, Jabalpur Company Area. The order is valued at ~Rs126.8 crore.

In addition to this, Package - 17- Supply, Installation, Testing and Commissioning of New 11 KV Lines, LT Line on AB cable, Distribution Transformer Substation and Supporting works such as DPs, TPs, Crossing etc. for separation of 11 KV mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-17) in Seoni & Narsinghpur circle of MPPKVVCL, Jabalpur Company Area. This order is valued at ~Rs154.23 crore, the company informed.

During the afternoon trade, shares of RVNL were trading at Rs121.30 per share lower by 1.74% on the BSE.

Source: Media Reports