According to reports from CNBC TV18, Siemens Ltd received a ₹263 crore order from Rail Vikas Nigam Ltd (RVNL) for rail electrification of the Rishikesh–Karnaprayag line in Uttarakhand. The contract involves the deployment of rigid overhead catenary systems (ROCS) and flexible overhead catenary systems (FOCS) across tunnels, bridges, open routes, yards and associated infrastructure covering around 102.5 track kilometres. The project is expected to improve all-weather connectivity, support regional economic development, enhance mobility for residents and visitors, and provide a more reliable mode of transportation in a terrain frequently affected by weather-related disruptions.
As reported by CNBC TV18, the Rishikesh–Karnaprayag rail line is part of the strategically important Char Dham connectivity corridor and is among Indian Railways' key infrastructure projects in the Himalayan region. Rajeev Joisar, Chief Executive Officer, Mobility Business, Siemens Limited, stated that the order reinforces Siemens' leadership in advanced rail electrification technologies and builds on its track record of delivering rigid overhead catenary systems for landmark railway projects across the country. The company remains committed to supporting India's vision for modern and sustainable transportation infrastructure through innovative and energy-efficient technologies.
According to CNBC TV18, on June 20, RVNL had awarded Siemens a contract worth ₹263 crore (including GST) from NMDC for the development of buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum (MTPA) at Visakhapatnam. RVNL shares were trading 0.79% lower at ₹3,469, while RVNL stock declined 0.76% to ₹230.91 following the contract announcement.
