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Rail Vikas Nigam Secures INR1.3 Billion Railway Electrification Project

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Rail Vikas Nigam (NSE:RVNL, BOM:542649) emerged as the lowest bidder for a railway electrification project worth 1.29 billion Indian rupees from North Eastern Railway, according to an Indian bourse filing on Wednesday.

Shares of the company rose over 1% in Thursday's trade.

The project involves the design, supply, erection, testing and commissioning of traction substations and associated switching posts in the Varanasi-Prayagraj section under engineering, procurement and construction mode, the filing said.

The project is scheduled to be executed within 730 days.

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