The joint venture KRDCL-RVNL received a Letter of Acceptance (LOA) from Southern Railway for a major redevelopment of the Varkala Sivagiri Railway Station.

The order is worth over Rs 123 crore and the time period of the contract is 30 months.

The Project Cost is Rs 1,233,658,386.82; M/S RVNL share amount Rs 60,44,92,609.54.

Rail Vikas Nigam (RVNL) 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.