The project entails “design, manufacture, supply, installation, testing, and commissioning of 2 nos. 110kV receiving substations including 110 kV, 33kV, and 25kV cabling work, complete 25kV overhead catenary system with switching station, 33Kv auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS), and complete SCADA system for main line and depot of Mumbai Metro line 2B of MMRDA.” RVNL stated that it was a member of a consortium with SIEMENS India. SIEMENS is the lead partner with a 60% stake, and RVNL is a 40% consortium partner.
The project will cost Rs 378.17 crore. “The Letter of Award has not yet been issued,” RVNL stated in a statement. Rail Vikas Nigam is in the business of completing all types of railway projects, such as new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, cable stayed bridge construction, institution buildings, and so on. The government owned 78.2% of the company as of December 31, 2022. In Q3 FY23, the company reported a 30.5% increase in consolidated net profit to Rs 382.42 crore, up from Rs 293.01 crore in Q3 FY22. Revenue from operations fell slightly to Rs 5,012.09 crore in Q3 FY23, compared to Rs 5,049.24 crore in the same quarter last year.