RVNL secures projects as lowest bidder for Maharashtra metro expansion

Rail Vikas Nigam (RVNL), a government-owned entity, announced on August 30 that it has secured the position of the lowest bidder (L1) for a range of significant projects falling within the purview of the Maharashtra Metro Rail Corporation (Maha Metro). The cumulative estimated cost for these transformative ventures is approximately Rs 2.56 billion, as detailed in a filing with the stock exchange.

RVNL has clinched the L1 position for various projects, including:

1. Construction of Six Elevated Metro Stations: RVNL will oversee the construction of six elevated metro stations spanning from Pili Nadi to Lekha Nagar in Reach-2A.

2. Ecopark and Metro City Stations: RVNL will be responsible for building one elevated station, Ecopark, along with an at-grade station known as Metro City.

3. At-Grade Section Formation: RVNL is tasked with carrying out activities such as earthwork, construction of boundary walls, and retaining walls for at-grade sections.

4. Elevated Metro Track Supporting Structure: RVNL will utilise its expertise to design and construct the supporting structures for the elevated metro tracks.

5. Construction of Multi-Storied Building: As a component of Maha Metro's Phase-2 expansion, RVNL will undertake the construction of a multi-storied building on Tulsi School land situated in Sitabuldi.

On the Bombay Stock Exchange (BSE), Rail Vikas Nigam Ltd's shares concluded the day at Rs 128.55, reflecting an increase of Rs 0.90 or 0.71 per cent.