RVNL advanced 2.86% to Rs 246.05 after it emerged as the lowest bidder (L1) for a project awarded by South Eastern Railway to upgrade electric traction system for Rs 167.28 crore.
The scope of entails design, supply, erection, testing and commissioning for upgradation of electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Rajkharsawan-Nayagarh-Bolani section of Chakradharpur division of South Eastern Railway to meet 3000 MT loading target.
The contract received from SER HQ-Electrical is valued at Rs 167.28 crore and the order has to be executed within 18 months.
