RVNL wins new contract for development of UTF Harbour project in Maldives

MALDIVES (Metro Rail News): Rail Vikas Nigam Limited (RVNL) saw a rise of 5.39% to Rs 51.80 following the announcement that it has been chosen as the winning bidder in the Maldives for developing the UTF (Uthuru Thila Falhu- Island) Harbour Project.

The Development of UTF (Uthuru Thila Falhu-Island) Harbour was awarded to RVNL as the winning bidder in the Maldives. The Indian government is working on a strategic project.
The estimated cost of the project is roughly Rs. 1544.6 crores. The agreement must be executed within two years.