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RVNL bags contract of Rs 38 crores from Chennai (MAS) division Southern Railways

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CHENNAI (Metro Rail News): Rail Vikas Nigam Limited (RVNL) has been awarded a contract for Provision of automatic block signalling with dual MSDAC, EI/OC interface and block optimization in Arakkonam Junction (AJJ)- Nagari (NG) section of Chennai (MAS) division in Southern Railway (Reach-I).

Details of the contract awarded are as under:

  • Letter of Acceptance received from Southern Railway for “Provision of automatic block signalling with dual MSDAC, EI/OC interface and block optimization in Arakkonam Junction (AJJ)- Nagari (NG) section of Chennai (MAS) division in Southern Railway (Reach-I)”.
  • The accepted contract amount is Rs. 38,40,13,395.48 Crore including GST.
  • Time period by which the order is to be executed is 15 Months.

About RVNL:

  • The company began its operation in 2005 with the appointment of a Board of Directors.
  • The company was granted Miniratna status in September 2013.
  • RVNL has been rated “Excellent” for the 9 successive years by the Department of Public Enterprises.
  • RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years.
  • The turnover of the company for the financial year 2019-20 has increased by 44.44%.
  • The authorised share capital of the company is Rs. 3000 cr. with paid up share capital of Rs. 2085 cr.
  • The company has been listed after its disinvestment of its stake of 12.16% of the company through IPO.

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