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RVNL-Salasar JV gets ₹60 cr transmission project in central Africa

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Mid Corporate 29 Mar 2024 03:22 PM IST Economic Times

In the country of Rwanda in central Africa, a joint venture (JV) between the state-owned RVNL and the private steel manufacturer Salasar Techno Engineering has been awarded a transmission project valued at about ₹60 crore. Salasar Techno Engineering Limited (STEL) mentioned in a statement that the order has been obtained from Energy Development Corporation Limited (EDCL) and will be carried out in 18 months.

The Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC) worth $7.152 million equivalent to ₹596.21 million (₹59.6 crore) is for plant design, supply and installation of 45.8 km, 110 KV double circuit Rukarara-Huye-Gisagara transmission lines, it said.

Earlier this month, the JV bagged a transmission project worth around ₹174 crore from the Madhya Pradesh government. While Rail Vikas Nigam Ltd (RVNL) holds a 51% stake in the joint venture, STEL owns the remaining 49%. RVNL, under the Ministry of Railways, is involved in development, financing and implementation of rail infrastructure related projects. STEL is a steel structural manufacturer which provides services across telecom, energy and railways sectors.