Rail Vikas Nigam announced that KRDCL- RVNL JV has received Letter of Acceptance (LoA) from Southern Railway for Redevelopment of Thiruvananthapuram Central Railway Station on Engineering, Procurement and Construction (EPC) mode.

The project cost is Rs 438.95 crore. A meeting of the board of directors of the company will be held on May 15, 2024 to consider, approve, and take on record the audited financial results (standalone and consolidated) of the company for the fourth quarter and year ended 31st March, 2024, and to recommend final dividend, if any, for the FY 2023-24 subject to approval of shareholders at the Annual General Meeting (AGM).

On April 24, the said JV emerged as the lowest bidder (L1) for the project worth Rs 438.95 crore from Southern Railway for redevelopment of Thiruvananthapuram Central Railway Station on EPC mode.

Also, RVNL emerged as the lowest bidder for a projet worth Rs 239.09 crore for the provision of automatic block signalling system in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway.