"RVNL's Joint Venture Secures LOA for Indore Metro Rail Project"

Rail Vikas Nigam Limited (RVNL) in partnership with URC has received a Letter of Acceptance (LoA) from Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) for the "Part Design and Construction of Elevated Viaduct, Five Elevated Metro Rail Stations (namely Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony, and Palasia Chauraha), and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862 for the Indore Metro Rail Project."

The contract is valued at Rs. 543 crore, excluding GST, with RVNL holding a 51% share and URC holding a 49% share in the project.

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