- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for a significant project from Punjab State Power Corporation Limited (PSPCL). This project entails the development of distribution infrastructure under the reforms-based and results-linked revamped distribution sector scheme (RDSS) in Punjab. The specific work awarded pertains to Package-3 Central Zone, focusing on executing HT/LT infrastructure loss reduction works.
The total value of the contract is approximately ₹642.57 crore, including applicable taxes, and it is expected to be completed within a 24-month timeframe. This new contract positions RVNL favorably within the market, indicating potential growth opportunities and enhancing its service portfolio in the infrastructure sector. Investors should watch closely for how this new development impacts RVNL’s operational capabilities and financial performance.