April 30, 2014 8:38 AM

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SAIL bags over Rs 650cr RVNL contracts for rail line projects in country

Steel Authority of India Ltd (SAIL) has bagged contracts for supplying over 1.17 lakh tonnes of rails by bidding successfully for two global tenders floated by Rail Vikas Nigam Limited (RVNL) for major upcoming passenger rail line projects in the country. According to SAIL Sources in Kolkata, the total value of the two contracts is over 650 crore rupees.RVNL is a special purpose vehicle created by the Government in 2003 for development and implementation of projects pertaining to strengthening of the Golden Quadrilateral and port connectivity.

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