Rail Vikas Nigam to be in focus on Tuesday as company emerges as lowest bidder for ₹145-crore Southern Railway project

Rail Vikas Nigam, a railway infrastructure company, is likely to be on investors’ radar on Tuesday, September 23, after securing another railway order. In a regulatory filing post-market hours today, the company said it had emerged as the Lowest Bidder (L1) for a project from Southern Railway.

The project involves the design, supply, erection, testing, and commissioning of traction substations, including power quality compensating equipment with associated switching posts (SP/SSP) for a 2×25 kV AT Feeding System, along with SCADA and Automatic Fault Locator (AFL) systems for the Salem division, as per the company’s regulatory filing.