RVNL bags Rs 55 lakh MEA contract to prepare DPR for education centre in Seychelles

New Delhi: Rail Vikas Nigam Limited (RVNL) has received a letter of award (LoA) from the Ministry of External Affairs (MEA) for preparing a Detailed Project Report (DPR) for setting up a Professional and Technical Education Centre (PTEC) in Seychelles.

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According to RVNL's regulatory filing dated October 29, the contract is valued at Rs 55 lakh, excluding taxes, and is to be executed within six months.

The project involves preparing the DPR for the proposed education centre in Seychelles. RVNL stated that the assignment falls within the normal course of the company's business.

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The contract has been awarded by the Ministry of External Affairs, a domestic entity, for an international project. The company has disclosed that its promoters, promoter group and group companies have no interest in the awarding entity. The contract will also not fall under related-party transactions, according to the filing.

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