BAJAJ BROKING
Ircon International, in a joint venture, wins a ₹750.82 crore project. RVNL signs MoU with DMRC, secures ₹132.59 crore order from Central Railways. Project timelines are 42 months and 2 years, respectively.
Ircon International (Indian Railway Construction International Ltd) announced on July 4 that it received a Letter of Acceptance (LOA) from Rail Vikas Nigam Ltd (RVNL) for a significant order.
The project will be executed through a joint venture consisting of Ircon International, Paras Railtech Private, and PCM Strescon Overseas Ventures.
The project ratio distribution for the joint venture is 60% for Ircon, 25% for Paras Railtech, and 15% for PCM Strescon.
Explore: IRCON INTERNATIONAL LTD
The LOA covers the design, supply, installation, testing, and commissioning of broad gauge ballastless track (BLT). It also includes the supply of ballast and installation of track, excluding the supply of rails and track sleepers.
This work spans from chainage 6+015 to 125+200 in connection with the new BG line between Rishikesh and Karanprayag in Uttarakhand, India. The total value of this order is approximately ₹750.82 crore. The project is expected to be completed within 42 months.
Additional Read: Ircon Bags ₹1,198 Cr Project from East Coast Railway
In another significant development, RVNL has signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd (DMRC).
This MoU signifies their collaboration on upcoming projects both within India and internationally, aiming to leverage each other’s expertise and resources for enhanced project execution.
Earlier on July 2, RVNL announced another achievement. It was declared the lowest bidder for an order from Central Railways.
This order involves the modification of overhead equipment (OHE) to upgrade the existing 1 x 25-kilovolt electric traction system to a 2 x 25-kilovolt AT feeding system. This upgrade is for the Wardha-Ballarshah section of the Nagpur division of Central Railway.
The goal is to meet a loading target of 3,000 MT. The total cost of this order is ₹132.59 crore, with an expected completion time of two years.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Commodities Market Today | Wti Crude Up 1%, Brent At $75.62, Gold Rises 0.3%
06 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints At Flat Start; Consolidation Likely Ahead
06 Nov, 2024 | 4 Min. read
Voltamp Transformers Secures ₹263.3 Cr Order from GETCO
06 Nov, 2024 | 2 Min. read
Gold Rate Today | Gold Rises 0.3% To $2,753.70; Silver Up 0.6% To $32.79
06 Nov, 2024 | 2 Min. read
HZL OFS Opens Today with Floor Price at Rs. 505 Per Share
06 Nov, 2024 | 2 Min. read
Hero MotoCorp to Launch in Europe and UK by H2 2025
06 Nov, 2024 | 2 Min. read
CPI and IIP Data Release Time Shifted to 4 PM
06 Nov, 2024 | 2 Min. read
Berger Paints Q2 Results FY24-25 Highlights, ₹2,774.6 Cr Revenue
05 Nov, 2024 | 2 Min. read
Commodities Market Today
05 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints At Flat Market Open, Range-Bound Trend
05 Nov, 2024 | 4 Min. read
Solar Industries Secures ₹399 Crore Defence Export Order
05 Nov, 2024 | 2 Min. read
Gold Rate Today | Gold Dips 0.2% To $2,745, Silver Falls 0.3% To $32.59
05 Nov, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading