RVNL Emerges as Lowest Bidder for Surat and Ahmedabad Metro Rail Projects

GUJARAT (Metro Rail News): Rail Vikas Nigam Limited (RVNL) emerges as the lowest bidder for two tenders of supply, erection, testing and commissioning of power supply receiving & distribution system, 750 V DC third rail traction electrification and SCADA System for Surat Metro Rail Project Phase-I and Ahmedabad Metro Rail Project Phase-II.

Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) for:

• Supply, erection, testing and commissioning of power supply receiving & distribution system, 750 V DC third rail traction electrification and SCADA System for Surat Metro Rail Project Phase-I. (Cost Rs. 673.8 Crores).
• Supply, erection, testing and commissioning of power supply receiving & distribution System, 750 V DC third rail traction electrification and SCADA System for Ahmedabad Metro Rail Project Phase-II. (Cost Rs. 384.3 Crores).
• In the above-referred tenders, RVNL had participated in a consortium with M/s SIEMENS India Limited. M/s Siemens is the lead partner with a 65% share, and RVNL has a 35% share.
• The letter of Award is yet to be issued by Gujarat Metro Rail Corporation Limited.
• The company began its operation in 2005 with a Board of Director’s appointment.
• The company was granted Miniratna status in September 2013.
• RVNL has been rated “Excellent” for nine successive years by the Department of Public Enterprises.
• RVNL has also been ranked 1st amongst the Railway PSEs four times over the last five years.
• The company’s turnover for the financial year 2019-20 has increased by 44.44%.
• The company’s authorised share capital is Rs. 3000 cr. with paid-up share capital of Rs. 2085 cr.
• The company was listed after the disinvestment of its stake of 12.16% of the company through IPO.