Under the agreement, the two parties will work together to identigy and implement infrastructure projects on mutually agreed terms and conditions. RVNL will serve as the project executing agency for projects covered under the memorandum of understanding.
The state-owned company did not provide details on the value of the agreement, the nature of the infrastructure projects or implementation timelines.
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Recent orders
The memorandum of understanding comes as RVNL continues to secure new orders across the rail and infrastructure sectors.
Earlier this week, Siemens Ltd said it had received an order worth about ₹263 crore from RVNL for overhead rail electrification technologies for the Rishikesh–Karnaprayag rail line project in Uttarakhand. The contract covers the deployment of rigid overhead catenary systems and flexible overhead catenary systems across tunnels, bridges, open routes, yards and related infrastructure spanning about 102.5 track kilometres.
Separately, RVNL also received a Letter of Award from state-owned National Mineral Development Corporation (NMDC) for setting up buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum at Visakhapatnam, Andhra Pradesh. The project, valued at ₹2,977 crore, is scheduled for completion within 42 months.
