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News Entry# 534553
Dec 20 2023 (19:40) RVNL Shares Rise on JV Win for Varkala Sivagiri Railway Station Upgrade
Entry# 5917329   
  Past Edits
This is a new feature showing past edits to this News Post.
RVNL shares gain 2% after JV emerges lowest bidder for Kerala project

Rail Vikas Nigam (RVNL) shares rose nearly 2% on December 20 after a joint venture (JV) company, KRDCL-RVNL, was declared the lowest bidder (L1) for the upgrade of Varkala Sivagiri railway station in Kerala. The project, with a total cost of Rs 123.36 crore, is expected to be completed in 30...
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months. KRDCL holds a 51% stake in the JV, while RVNL holds 49%. This news follows a series of other recent wins for RVNL, including a project for the Indore Metro Rail Project and a project for the Central Railways, totaling Rs 543 crore and Rs 311.2 crore, respectively.

Rail Vikas Nigam (RVNL) ke share December 20 ko lag bhaag 2 percent badh gaye, jab ek joint venture (JV) company, KRDCL-RVNL, ko Kerala mein Varkala Sivagiri railway station ke upgrade ka lowest bidder (L1) ghosit kiya gaya. Project ka total cost Rs 123.36 crore hai, aur yeh 30 months mein...
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complete hone ki ummeed hai. JV mein KRDCL ka 51 percent share hai, aur RVNL ka 49 percent. Yeh news RVNL ke liye kuchh recent wins ke baad aayi hai, jinmein Indore Metro Rail Project ka project aur Central Railways ka project bhi shamil hai, jinka total Rs 543 crore aur Rs 311.2 crore hai.
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