Rail Vikas Nigam Ltd receives LOA from MMRDA for Mumbai Metro line 2B

Rail Vikas Nigam Limited (RVNL) has received Letter of Acceptance (LOA) from Mumbai Metropolitan Region Development Authority (MMRDA) - Mumbai Metro line 2B for "Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110KV receiving substation including 110 KV, 33kV & 25kV cabling work, complete 25kV overhead catenary system along with switching station, 33Kv auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS) and complete SCADA system for main line & depot of Mumbai Metro line 2B of MMRDA.

RVNL had participated in consortium with M/s SIEMENS India Limited. M/s SIEMENS is the lead partner with 60% share & RVNL as consortium partner with 40% share.

The Cost of project is Rs. 300,11,81,354 & EURO 8,838,976 (excluding GST and Custom duty)

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 128.30 as compared to the previous close of Rs. 135.05. The total number of shares traded during the day was 4207778 in over 37418 trades.

The stock hit an intraday high of Rs. 137.35 and intraday low of 128.30. The net turnover during the day was Rs. 552730417.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL LOA MMRDA MumbaiMetroline2B