+
RVNL-STEL JV secures Rs 596 mn international contract
RAILWAYS & METRO RAIL

RVNL-STEL JV secures Rs 596 mn international contract

A joint venture between state-owned RVNL and private steel company STEL had secured an international project valued at Rs 590.62 million. The project had been granted by the Energy Development Corporation for the Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC).

It was mentioned that the scope of work included the design, supply, and installation of 45.8 km, 110 KV double circuit Rukarara-Huye-Gisagara transmission lines.

Previously, it was stated that the joint venture had won a transmission project worth approximately Rs 1.74 billion in Madhya Pradesh.

Rail Vikas Nigam (RVNL) disclosed that it possessed a 51 percent stake in the JV, while STEL held the remaining 49 percent stake.

RVNL that the order from Madhya Pradesh Power Transmission Company involved the construction of 132 KV and 220 KV transmission lines and associated feeder bays on a complete turnkey basis in the eastern part of the state.

The project was scheduled to be completed in 18 months, with the order size amounting to Rs 1.73 billion.

A joint venture between state-owned RVNL and private steel company STEL had secured an international project valued at Rs 590.62 million. The project had been granted by the Energy Development Corporation for the Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC). It was mentioned that the scope of work included the design, supply, and installation of 45.8 km, 110 KV double circuit Rukarara-Huye-Gisagara transmission lines. Previously, it was stated that the joint venture had won a transmission project worth approximately Rs 1.74 billion in Madhya Pradesh. Rail Vikas Nigam (RVNL) disclosed that it possessed a 51 percent stake in the JV, while STEL held the remaining 49 percent stake. RVNL that the order from Madhya Pradesh Power Transmission Company involved the construction of 132 KV and 220 KV transmission lines and associated feeder bays on a complete turnkey basis in the eastern part of the state. The project was scheduled to be completed in 18 months, with the order size amounting to Rs 1.73 billion.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?