Rail Vikas Nigam Limited - Reply to Clarification Sought

27 Oct 2022 , 12:00 AM

The Exchange had sought clarification from Rail Vikas Nigam Limited with respect to announcement dated 20-10-2022 regarding Bagging orders/contract.On the basis of aforesaid disclosure, the Listed entity was required to clarify the following:Awarding of order(s)/contract(s)1. Whether order(s) / contract(s) is awarded to domestic/ international entity2. Significant terms and conditions of order(s)/contract(s) awarded, in brief;3. Time period, if any, associated with the order(s)/contract(s);4. Broad commercial consideration or size of the order(s)/contract(s);5. Whether the promoter/ promoter group/group companies have any interest in that entity to whom the order(s)/contract(s) is awarded? If Yes, nature of interest and details thereof;6. Whether the same would fall within related party transactions? If yes, whether the same is done at ?arms length?.The response of the company is attached.