Rail Vikas Nigam Secures Rs. 270 Crore Contract from Central Railway
Filing Summary
Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance from Central Railway for a project valued at approximately Rs. 270 crore. The contract involves the design, supply, erection, testing, and commissioning of a traction substation and related infrastructure in the Daund-Solapur section. The project is set to be executed over 24 months. This contract is part of RVNL’s regular business operations and does not involve any related party transactions. The work is to be completed on an EPC mode to meet a 3000 MT loading target.
Rail Vikas Nigam Limited (RVNL) has announced the receipt of a Letter of Acceptance from Central Railway. The contract, valued at approximately Rs. 270 crore, pertains to the design, supply, erection, testing, and commissioning of a 220/132/55 KV traction substation, sectioning posts, and sub-sectioning posts in the 2 x 25 KV traction system of the Daund-Solapur sections. The project aims to meet a 3000 MT loading target and will be executed on an EPC mode.
The project is scheduled for completion within a timeframe of 24 months. The contract awarded by Central Railway is a domestic order and falls within the normal course of business for RVNL. The tender number associated with this project is PUNE-TDC-2025-EPC-05.
The cost of the work is specified as Rs. 270,22,24,736, inclusive of applicable taxes. The terms and conditions of the contract are governed by general contract conditions. There is no interest from the promoter or promoter group in the entity awarding the contract, and the transaction does not qualify as a related party transaction.
Central Railway is a division of Indian Railways, responsible for operations in the central region of India. It focuses on enhancing rail infrastructure and services to improve connectivity and efficiency in the region.
Rail Vikas Nigam Limited is a public sector enterprise under the Ministry of Railways, Government of India. It is engaged in the development of rail infrastructure projects and focuses on executing projects on a turnkey basis. RVNL’s strategic priorities include expanding its project portfolio and enhancing operational efficiencies in rail infrastructure development.