New Delhi: Rail Vikas Nigam Restricted (RVNL), a public sector enterprise underneath the Ministry of Railways, on Saturday introduced that it has signed a letter of settlement (LoA) for a brand new contract price Rs 143.3 crore with South Central Railway. The challenge includes the improve of the electrical traction system within the Salem division of Southern Railway. “It’s hereby knowledgeable that Rail Vikas Nigam Restricted has obtained LOA from Southern Railway for Upgradation work of Electrical traction system,” the corporate mentioned in its inventory change submitting.

Particularly, the scope of labor contains changing the present 1×25 kV traction system to a extra superior 2×25 kV system on the Salem Junction – Podanur Junction and Irugur – Coimbatore Junction – Podanur Junction sections. In keeping with the submitting, the improve will assist Southern Railway improve its capability and meet the goal of three,000 metric tonnes of freight loading.

“The challenge shall be executed over a interval of 24 months and contains relevant taxes throughout the Rs 143.3 crore value,” it added in its submitting. This comes shut on the heels of RVNL rising because the lowest bidder for an additional railway challenge price Rs 213.22 crore from South Central Railway, as reported on June 30.

Regardless of a comparatively subdued efficiency in FY25 thus far, the corporate has reaffirmed its income steering of Rs 20,000–Rs 22,000 crore for the present monetary 12 months. RVNL’s shares ended flat at Rs 391.2 apiece on the Nationwide Inventory Change (NSE) on Friday.

The corporate continues to take care of robust momentum with its diversified challenge portfolio, together with building of recent railway traces, doubling of tracks, electrification, metro tasks, main and cable-stayed bridges, and institutional infrastructure.

In the meantime, in a strategic push towards clear vitality and sustainability, RVNL can also be exploring partnerships within the nuclear vitality house. In June, media stories acknowledged that the corporate is in discussions with Russia’s state-owned atomic vitality firm Rosatom to construct Small Modular Reactors (SMRs) for its ongoing mega infrastructure tasks, such because the Rishikesh-Karnaprayag railway line.