"RVNL Joint Venture Secures Top Bid for Order from MPPTCL"

Rail Vikas Nigam Limited (RVNL) in partnership with SALASAR JV has emerged as the Lowest Bidder (L1) in the tender floated by Madhya Pradesh Power Transmission Company Limited (MPPTCL) for the "Construction of 132 KV & 220 KV Transmission Lines and associated Feeder Bays on total Turnkey basis in Eastern MP".

The contract, valued at Rs. 173,99,04,310 (inclusive of GST), will be executed with RVNL holding a 51% stake and Salasar Techno Engineering Limited holding the remaining 49%.

EQUITYBULLS