KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station

by Psu Connect
Date: 24-04-24

The Share of each member in JV is, M/s KRDCL: 51% (Lead Member) M/s RVNL: 49% (Other Member).

KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station

RVNL through exchange filing has informed that KRDCL- RVNL JV emerges as the Lowest Bidder (L1) from Southern Railway for “Redevelopment of Thiruvananthapuram Central Railway Station on Engineering, Procurement and Construction (EPC) mode.”

The nature of the contract involves the redevelopment of Thiruvananthapuram Central Railway Station on Engineering, Procurement and Construction (EPC) mode".

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The Share of each member in JV is, KRDCL: 51% (Lead Member) RVNL: 49% (Other Member).

The cost of the project is estimated at around Rs 438 crore and the time to complete the project is 42 months. The project is awarded by Southern Railway as a Domestic entity.

The shares of the railway PSU are trading in green at Rs 283.60, up by 2.04%.