RVNL Emerges As Lowest Bidder For Rs 251-Crore Power Transmission Project

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Image used for representational purposes (Source: RVNL website)

Rail Vikas Nigam Ltd. has emerged as the lowest bidder for a power transmission project in Madhya Pradesh worth Rs 251 crore.

The order by MP Madhya Kshetra Vidyut Vitran Co. includes supply, installation, testing and commissioning of 11 kV line-associated works, according to an exchange filing on Monday.

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The time period for execution of the work, which includes line bifurcation, interconnection and conductor augmentation, is two years, according to the construction firm.

Shares of RVNL closed 8.56% higher at Rs 220.65 apiece on the NSE, as compared with a 0.93% advance in the benchmark Nifty 50.

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