Siemens-RVNL Consortium receives LOA from Bangalore Metro

Siemens-RVNL Consortium has received Letter of Acceptance from Bangalore Metro Rail Corporation Ltd. for "Engineering, Supply, Erection, Testing and Commissioning of 33 KV Distribution, 750V DC Third Rail Traction Electrification including Traction Substations, Auxiliary Substations and SCADA System for Phase-2A & Phase 2 B."

The cost of work is INR 3,942,390,663.45 (Indian Rupees order(s )/contract(s ); Three Billion Nine Hundred and Forty-Two Million Three Hundred and ninety Thousand Six Hundred and Sixtythree and Paise Forty-Five only) Plus EURO 41,119,535.00 (Euro Forty -One Million One Hundred and Nineteen Thousand Five Hundred and Thirty-Five only) is inclusive at of all applicable taxes & duties, cess and any other charges leviable except output GST payable. Siemens Ltd (70%) - RVNL (30%).

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 373.80 as compared to the previous close of Rs. 374.40. The total number of shares traded during the day was 1279858 in over 16964 trades.

The stock hit an intraday high of Rs. 386.50 and intraday low of 369.30. The net turnover during the day was Rs. 481976562.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL Siemens Consortium LOA OrderWin BangaloreMetroRailCorporation