Rail Vikas Nigam Limited has received the Letter of Acceptance (LOA) from Central Railway for a significant project worth ₹270.22 crore. The contract involves design, supply, erection, testing and commissioning of traction substation infrastructure for the Daund-Solapur railway route, confirming the company's earlier announced project award.

Project Specifications

The comprehensive project encompasses the development of 220/132/55 KV traction substation, sectioning posts and sub-sectioning posts in 2 x 25 KV traction system with Scott Connected Transformer configuration. The infrastructure development aims to meet the 3000 MT loading target on the Daund-Solapur sections of Central Railway.

Technical Infrastructure

The project involves sophisticated electrical infrastructure including traction substations, sectioning posts (SPs) and sub-sectioning posts (SSPs) designed to support heavy freight operations. The Scott Connected Transformer system represents advanced technology for railway electrification, ensuring efficient power distribution for the targeted 3000 MT loading capacity.

The EPC (Engineering, Procurement and Construction) mode of execution demonstrates the comprehensive nature of Rail Vikas Nigam's involvement, from initial design through final commissioning of the electrical infrastructure.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, confirming that this work falls within the normal course of business operations. The project represents a domestic contract with no related party transaction implications, ensuring transparent business practices.

Strategic Impact

This LOA receipt reinforces Rail Vikas Nigam's expertise in railway electrification projects and strengthens its position in India's railway infrastructure development sector. The 24-month execution timeline provides a clear framework for project completion, contributing to the modernization of the Daund-Solapur railway corridor and enhanced operational efficiency for Central Railway's freight operations.

Rail Vikas Nigam Limited has announced the declaration of an interim dividend of ₹1.00 per share for its shareholders. This corporate action reflects the company's decision to distribute a portion of its profits to equity shareholders during the current financial period.

Dividend Declaration Details

The company has declared an interim dividend payment to its shareholders, marking a significant corporate announcement for investors.

Significance for Shareholders

The interim dividend declaration demonstrates Rail Vikas Nigam Limited's commitment to returning value to its shareholders. Interim dividends are typically declared by companies during the financial year, separate from the final dividend that may be announced at the end of the fiscal year.

This dividend announcement provides shareholders with returns on their investment and indicates the company's confidence in its financial performance. The ₹1.00 per share dividend will be distributed to eligible shareholders as per the company's dividend distribution policy and regulatory requirements.