Earlier this month RVNL received a Letter of Award (LOA) valued at ₹196.77 crore from MP Madhya Kshetra Vidyut Vitaran Co. The project includes the delivery, installation, testing and commissioning of a new 11 kV branching and interconnecting line in Bhopal region by MPMKVVCL.
Also, MiniRatna, which reports to the Ministry of Railways, won a £166.26 million order last month from Gujarat Metro Rail Corporation (GMRC) with its JV partner ISC Projects. The contract covers the design, delivery, installation, testing and commissioning of the slab track for the Surat Metro Rail Project, Phase-1. The project must be completed within 22 months.
Rail Vikas Nigam (RVNL) was established on January 24, 2003 as a Public Sector Undertaking (PSU) with the vision of then Prime Minister Atal Bihari Vajpayee to bridge Indian Railways’ infrastructure deficit. The company received Miniratna status in September 2013 and was also recommended by the MoR for Navaratna status. The company made its IPO debut in April 2019 after divesting 12.16% of the shares from the Government of India through an initial public offering (IPO). It works on a turnkey basis and takes care of the entire cycle of project development from conception to commissioning, including the phases of design, preparation of estimates, tendering and awarding of contracts, project and contract management, etc.
