RVNL-GEW bags project worth over Rs 81 cr from South Central Railway

RVNL-GEW, a joint venture between RVNL and Ganapathi Engineers Works, emerged as the lowest bidder for a project worth Rs 81,22,28,896.04 from South Central Railway

PSU Watch Bureau

Published:17th May, 2023 at 12:48 PM

New Delhi: State-owned Rail Vikas Nigam Limited (RVNL) said in a regulatory filing on Wednesday that RVNL-GEW, a joint venture between RVNL and Ganapathi Engineers Works, Hubli, has emerged as the lowest bidder (L1) from South Central Railway for “Comprehensive signalling and telecommunication works for provision of automatic block signalling system in Balharshah- Makudi section of Secunderabad Division in South Central Railway.”

Also read:RVNL bags project worth over Rs 300 cr from Mumbai Metropolitan Region Development Authority

Further, the filing noted that the cost of project is Rs 81,22,28,896.04. RVNL's shareholding in the project will be 49 percent while Ganapathi Engineers Works, Hubli will own 51 percent of the shares. The filing also said that the time-period of project completion is 540 days.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

RVNL-GEW bags project worth over Rs 81 cr from South Central Railway

RVNL-GEW, a joint venture between RVNL and Ganapathi Engineers Works, emerged as the lowest bidder for a project worth Rs 81,22,28,896.04 from South Central Railway

Also Read

India to keep buying Russian crude oil regardless of US waivers, says Petroleum Joint Secy

Indian Oil's profit triples in FY26 on margin recovery & LPG subsidy

PFC board clears REC merger proposal, to seek President's approval for REC absorption

HZL to play key role in India’s mineral security: G Kishan Reddy

PESB fails to recommend candidate for Yantra India's CMD post