Rail Vikas Nigam signs MoU with Braithwaite, consort expects to generate Rs1,000cr per year

The aim of this consortium will be to generate at least Rs1000cr business per year under this umbrella.

Oct 07, 2021 04:10 IST India Infoline News Service

Rail Vikas Nigam Limited (RVNL) has entered into a memorandum of understanding (MoU) with Braithwaite & Co. Limited (BCL).

As per the regulatory filing, the RVNL and BCL consortium will explore the 400 KV/220 KV GIS, AIS substation works, 400 KV/220 KV/132 KV transmission line, HV/EHV underground cables, Railway 25 KV OHE work and Railway traction substation works, Metro station E&M work and tunnel ventilation work, Electrical substations 132KV/66KV/33KV, modification, shifting & relocation of existing EHV transmission line all MEP projects, Smart city Works, Signalling and Telecom work, IT/Non-IT infrastructure works, integrated traffic management service, projects in Govt/Semi GovtlState Govt/PSUs etc, utilizing the credentials of each other and execute the same utilizing the expertise of each other.

The aim of this consortium will be to generate at least Rs1000cr business per year under this umbrella.

On Sensex, RVNL closed at Rs30.95 per piece flat compared to the previous closing. 

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