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Rail Vikas Nigam to build centre in Seychelles

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Company news: Rail Vikas Nigam bags LoA worth Rs 55 lakh from Ministry of External Affairs

Key Highlights

Rail Vikas Nigam received a ₹55 lakh order from the Ministry of External Affairs to prepare a project report for a centre in Seychelles.

Rail Vikas Nigam secured a Letter of Award worth ₹55 lakh from the Ministry of External Affairs. The company will prepare a detailed project report for the construction of a Professional and Technical Education Centre in Seychelles. This contract is scheduled for completion within a timeframe of 6 months.

The Ministry of External Affairs issued the order to the company for the development of the education facility. This project falls under the scope of the company, which operates as an extended arm of the Ministry of Railways. The firm manages various infrastructure tasks including railway electrification, metro projects, and the construction of institution buildings.

The scope of this specific assignment involves the preparation of a detailed project report for the site in Seychelles. The company stated that the value of the award excludes applicable taxes. Rail Vikas Nigam continues to execute diverse engineering projects such as gauge conversion, new lines, and the construction of major bridges.

Based on company and agency reports. For information only; not investment advice.