State-owned Rail Vikas Nigam Ltd (RVNL) on Monday (March 11) said it has emerged as the lowest bidder (L1) for a significant project in Maharashtra's metro infrastructure development.
RVNL secured the bid with a proposal amounting to ₹339.23 crore, according to a stock exchange filing.
"...it is hereby informed that Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation Limited for Design and Construction of Elevated Viaduct of Length 4.519 Kms from CH: (-) 1079.899m to CH: (-) 5599.298m between PCMC and NIGDI (Bhakti Shakti) on the NorthSouth Corridor of Pune Metro Rail Project- Reach l -Extension," the company stated.
The Maharashtra Metro Rail Corporation Ltd has awarded RVNL the contract for the "design and construction of elevated viaduct" as part of the Pune Metro Rail project extension.
Shares of Rail Vikas Nigam Ltd ended at ₹245.30, up by ₹7.30, or 3.07%, on the BSE.
