Calculate your SIP ReturnsExplore

RVNL Declared Lowest Bidder for South Eastern Railway Project

24 June 20243 mins read by Angel One
Rail Vikas Nigam Limited (RVNL) has been announced as the Lowest Bidder (L1) for a major South Eastern Railway project.
RVNL Declared Lowest Bidder for South Eastern Railway Project
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On June 21, 2024, Rail Vikas Nigam Limited announced that the South Eastern Railway’s Electrical Headquarters identified it as the Lowest Bidder (L1). The project involves the design, supply, erection, testing, and commissioning of a 132 KV Traction Substation, Sectioning posts (SPs), and Sub-sectioning posts (SSPs) in a 2x25KV System on the Rajkhaswan-Nayagarh-Bolani section of the Chakradharpur division of the South Eastern Railway, aiming to achieve a loading target of 3000MT on an EPC (Engineering, Procurement, and Construction) basis.

Details Of The Project

  • Name of the Awarding Entity– SER HQ-Electrical/South Eastern Railway
  • Nature of the Contract– The contract involves the design, supply, erection, testing, and commissioning of a 132 KV Traction Substation, Sectioning posts (SPs), and Sub-sectioning posts (SSPs) in a 2x25KV System on the Rajkhaswan-Nayagarh-Bolani section of the Chakradharpur division of the South Eastern Railway, to meet a 3000MT loading target on an EPC (Engineering, Procurement, and Construction) basis (Tender No: SER-PSI-RKSN-NYG-2X25KV).
  • Time Period for Execution– 18 months
  • Project Cost– The total cost is ₹191,53,74,279.51 (One Hundred Ninety-One Crore Fifty-Three Lakh Seventy-Four Thousand Two Hundred Seventy-Nine Rupees and Fifty-One Paisa), including applicable taxes.

RVNL’s Financial Highlights

Rail Vikas Nigam Limited (RVNL) reported a consolidated net profit of ₹478.4 crore for the 4th quarter of the 2023-24 financial year (Q4 FY24), marking a 33% increase from ₹358.5 crore in the same period the previous year. Revenue from operations for the March 2024 quarter reached ₹6,714 crore, a 17.4% rise compared to ₹5,719.8 crore in Q4 FY23.

For the full fiscal year 2024, the company’s revenue grew by 7.9% to ₹21,889.2 crore, while net profit increased by 17.3% to ₹1,574.4 crore.

About Rail Vikas Nigam Ltd

Rail Vikas Nigam Ltd, established by the Government of India in 2003, specialises in executing various rail projects assigned by the Ministry of Railways. These projects include track doubling, gauge conversion, constructing new railway lines, electrification of railways, building major bridges, developing workshops and production units, and sharing freight revenue with the Railways as outlined in the concession agreement with the Ministry of Railways.

On June 21, 2024, Rail Vikas Nigam Ltd’s share price opened at ₹385.60 and closed at ₹409.90 on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link
Open Free Demat Account!
Enjoy Zero Brokerage on Stock Investments.