E To E Transportation Infrastructure Ltd has emerged as the lowest bidder (L1) for a ₹31.33 crore project awarded by the Southern Railway’s Thiruvananthapuram Division.
The company disclosed the development in a regulatory filing.
With a market capitalisation of ₹488.39 crore, the stock was trading at ₹283.
Its recent performance includes:
- A decline of 2.83 percent over the last five trading sessions.
- A gain of 8.43 percent over the past month.
- A 52-week high of ₹347.
- A 52-week low of ₹171.
Project details
The proposed contract involves signalling and telecommunication works at:
- Thiruvananthapuram Central station
- Thiruvananthapuram South station
The scope of work includes:
- Indoor signalling arrangements.
- Outdoor signalling arrangements.
- Telecommunication systems.
- Signalling alterations.
- Interlocking modifications.
- Telecom-related changes.
The project is part of the track doubling work between Thiruvananthapuram Central and Kanniyakumari.
Execution timeline
Key details of the project are:
- Project value: ₹31.33 crore.
- Client: Southern Railway, Thiruvananthapuram Division.
- Execution period: Six months from the date of the Letter of Acceptance (LoA).
The company said:
- The order has been awarded by a domestic government entity.
- There is no promoter interest in the awarding authority.
- The transaction does not qualify as a related-party transaction.
Final award subject to LoA
E To E Transportation Infrastructure has only been declared the L1 bidder.
The final award will be made after the issuance of the formal Letter of Acceptance.
About the company
Founded in 2010, E To E Transportation Infrastructure provides engineering and system integration services for the railway sector.
Its areas of operation include:
- Signalling systems.
- Telecommunication systems.
- Railway electrification.
- Infrastructure development.
- Metro rail projects.
TL;DR:
E To E Transportation Infrastructure has emerged as the L1 bidder for a ₹31.33 crore Southern Railway signalling and telecom project linked to the Thiruvananthapuram Central-Kanniyakumari track doubling work. The contract is subject to the issuance of a Letter of Acceptance.
AI summary:
- E To E Transportation Infrastructure has emerged as L1 bidder for a ₹31.33 crore project.
- The work has been awarded by Southern Railway’s Thiruvananthapuram Division.
- The project involves signalling and telecommunication upgrades.
- It is linked to the Thiruvananthapuram Central-Kanniyakumari line doubling.
- The execution period is six months from the LoA.
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