RVNL gains over 2% on ₹38-crore order win from South East Central Railway

In a filing to the stock exchanges the Indian Railways public sector undertaking (PSU) said that it received a LoA (Letter of Acceptance) for an order worth ₹38.10 crore from the South East Central Railway. The company added that as a part of the order it will provide an Automatic Signalling System with Electronic Interlocking.

The public sector company mentioned that the signalling system will be used from Champa, Saragaon to the Baraduar, Sakti section in alteration with the existing Electronic Interlocking and Supply system.

RVNL will also undertake the installation, testing and commissioning of new Electronic Interlocking and MSDAC and IPS (Multi Section Digital Axle Counter and Integrated Power Supply). RVNL will also execute the indoor and outdoor works for the construction and electrification of the huts in the Champa-Sakti section. The stipulated time period for the completion of the contract is 15 months, as per the release.

“Rail Vikas Nigam Limited received Letter of Acceptance from South East Central Railway for Provision of Auto Signalling with Electronic Interlocking (OFC Based) between ChampaSaragaon-Baraduar-Sakti section,” the company said in the release.

On May 28, the company informed the exchanges that it has emerged as the lowest bidder from the North Central Railway for the provision of Electronic Interlocking based Automatic Signalling system with continuous track circuiting. The automatic signalling system will be used between the Dhaulpur to Gwalior section of the Jhansi division of the North Central Railway. The size of the contract is estimated to be ₹72.73 crore and the stipulated time period by which the order is to be executed is 455 days.

The company will also undertake associated works along with suitable indoor alterations in Electronic interlocking/(Rahuri Railway)RRI/(Padli) PI stations enroute the Dholpur-Gwalior stretch as a part of the order.

Shares of RVNL were trading 1.69% higher at ₹382 apiece on the NSE at 1:30 pm.

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