Shares of Rail Vikas Nigam Ltd (RVNL) fell 3% after touching a day’s high of Rs 352.80 on 29th January, even as the company said its RVNL-GPT JV has emerged as the lowest bidder (L1) for a major infrastructure project awarded by Northern Railway. The project involves the design and construction of a new rail-cum-road bridge over the river Ganga in Varanasi, Uttar Pradesh.

The project involves building a new rail-cum-road bridge (Bridge No. 11) over the river Ganga. It will be approximately 50 metres downstream of the existing Malviya Bridge near Kashi Railway Station.

The work includes designing and constructing both the substructure and superstructure of the bridge. It will consist of eight spans of 108.5 metres and two spans of 103.3 metres, using open web steel girders.

The bridge will have four railway tracks on the lower deck and a six-lane road on the upper deck. Additionally, it will have the required railway and road approaches, as per the approved general arrangement drawing (GAD).

The project also covers overhead equipment (OHE) and general electrical works in the Lucknow Division of Northern Railway.

The total project cost stands at Rs 1,201.36 crore, inclusive of all taxes. Under the joint venture, Rail Vikas Nigam Ltd holds a 60% stake. Meanwhile, GPT Infra Projects Ltd owns the remaining 40%.

At 10:44 AM, shares of RVNL were trading 1.80% lower at Rs 336.35 on NSE.

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