New Delhi: Railway PSU, RVNL is having strong significance presence in the trading market as the company is getting huge orders from the different Railway departments and zones. The company has again got a major work order from Northern railway.
RVNL-GPT JV emerges as the Lowest Bidder (L1) from Northern Railway for “Design and Construction of New Rail Cum Road Bridge No. 11 over river Ganga, 50 Meters downstream of the existing old Malviya Bridge near Kashi Railway Station, including sub structure and super structure of the Bridge (8 X 108.5 m + 2 X 103.3 m Open Web Steel Girder) for four line tracks on lower deck and six lane Road on upper deck, including Railway and Road approaches as per GAD along with associated OHE Works and General Electric works in Lucknow Division of Northern Railway at Varanasi, Uttar Pradesh, India, the exchange filing stated.
The time period by which the order will be executed is 48-months. The cost of the project is Rs 1201 crore and the shares of the membership in the joint venture is 60% for RVNL and 40% for GPT Infraprojects Ltd.
RVNL holds a massive, diversified order book exceeding Rs 90,000–97,000 crore, ensuring strong revenue visibility for the next 3–4 years. The portfolio is balanced between legacy railway projects (approx. Rs 43,000–47,000 crore) and competitive bidding projects (approx. Rs 46,000–49,000 crore) spanning rail, metro, and international projects.