Rail Vikas Nigam Ltd (RVNL) received a letter of acceptance (LoA) for a project worth Rs 156.47 crore from Southern Railway.

The railway PSU said it received a bagged an order from Southern Railway for automatic signaling work on the Ernakulam JN (ERS) – Vallattol Nagar (VTK) section on B-Route of Thiruvananthapuram Division in Southern Railway. 

The order is worth Rs 156 crore and will be completed in 750 days. RVNL’s share of the JV is 49 per cent while KRDCL holds a 51 per cent stake.

"It is hereby informed that M/s KRDCL-RVNL JV has received Letter of Acceptance from Southern Railway for “Provision of Automatic Signalling on Ernakulam JN (ERS) - Vallattol Nagar (VTK) Section on B-Route of Thiruvananthapuram Division in Southern Railway,” the firm's regulatory filing said.