Rail Vikas Nigam Limited (RVNL) has secured a significant contract worth ₹110 crore from Southern Railway. The order pertains to the provision of MSDAC (Microprocessor-based Digital Axle Counter) with existing DCTC (Digital Track Circuit) at stations and replacement of AFTCs (Automatic Fixed Track Circuits) in specific sections of the Chennai Division.
According to the exchange filing ,the nature of the project is to enhance the safety and efficiency of railway operations in the region. The contract is expected to be executed over a period of 18 months.
Meanwhile, as of 3.15pm shares of RVNL were trading at ₹469.40 down 1.01 per cent on the BSE.