The project involves “design, manufacture, supply, installation, testing and commissioning of 2 nos. 110kV receiving substation including 110 kV, 33kV & 25kV cabling work, complete 25kV overhead catenary system along with switching station, 33Kv auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS) and complete SCADA system for main line & depot of Mumbai Metro line 2B of MMRDA”.

RVNL said that it had participated in consortium with SIEMENS India. SIEMENS is the lead partner with 60% share & RVNL as consortium partner with 40% share.

The cost of project is Rs 378.17 crore.

"Letter of Award is yet to be issued,” RVNL said in a statement.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc. As of 31 December 2022, the Government held 78.2% stake in the company.

The company had reported 30.5% rise in consolidated net profit to Rs 382.42 crore in Q3 FY23 from Rs 293.01 crore posted in Q3 FY22. Revenue from operations declined marginally to Rs 5,012.09 crore in Q3 FY23 as against Rs 5,049.24 crore posted in the same quarter last year.

The scrip rose 0.27% to end at Rs 73.64 on the BSE yesterday.

The domestic equity markets are shut today (7 April 2023) on account of Good Friday.