Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LoA) worth Rs 221.33 crore from South East Central Railway for the modernization of signaling infrastructure across multiple stations in the Bilaspur Division.
According to the company’s exchange filing, the project has been awarded under the Engineering, Procurement and Construction (EPC) model and is scheduled to be completed within 730 days.
The contract covers the replacement of panel interlocking systems with modern electronic interlocking systems and includes associated signaling and telecommunication works.
The scope of work includes:
- Installation of indoor and outdoor signaling equipment.
- Construction of OFC huts.
- Development of signaling and telecommunication service buildings.
- Electrification works.
- Associated cabling infrastructure.
The project will be executed at BSPR, KLPG, ABKP, MZH, HRV, PRDL, KTMA, BJRI, KJZ, MDGR, CHRM, GTK, KLTR, PLAU and KBS stations in the Bilaspur Division.
RVNL said the order has been awarded by a domestic entity and does not involve any related-party transaction.
With a market capitalization of about Rs 48,668.54 crore, RVNL shares were trading at Rs 233.65, up 2.37% during the session.
The stock has declined 1.59% over the last five trading sessions and has fallen nearly 20.9% over the past month. It touched a 52-week high of Rs 443 and a 52-week low of Rs 227.
Focus on railway modernization
The latest contract strengthens RVNL’s presence in the railway signaling and modernization segment.
Electronic interlocking systems are used to improve railway safety and operational efficiency by reducing manual intervention and enhancing train movement management.
The project is part of Indian Railways’ broader efforts to upgrade signaling infrastructure, expand network capacity and improve the efficiency of passenger and freight transportation.
Company profile
Established in 2003 by the Government of India, RVNL executes rail infrastructure projects assigned by the Ministry of Railways.
Its portfolio includes:
- Railway line doubling.
- Gauge conversion projects.
- New rail lines.
- Railway electrification.
- Signaling and telecommunication systems.
- Metro rail projects.
- Bridges and workshops.
- Other transportation infrastructure developments.
The Rs 221.33 crore order is expected to add to RVNL’s order book and provide revenue visibility over the next two years.
TL;DR:
RVNL has won a Rs 221.33 crore EPC contract from South East Central Railway for signaling modernization works across multiple stations in the Bilaspur Division. The project, involving electronic interlocking systems, is scheduled for completion within 730 days.
AI summary:
- RVNL received a Rs 221.33 crore LoA from South East Central Railway.
- The project involves replacing panel interlocking with electronic interlocking systems.
- Work will be carried out across multiple stations in the Bilaspur Division.
- The EPC contract is scheduled for completion within 730 days.
- The order adds to RVNL’s existing order book and supports revenue visibility.
