Rail Vikas gets Rs 15.4 bln order for harbor project in Maldives

Rail Vikas gets Rs 15.4 bln order for harbor project in Maldives

A naval base in the Maldives, Uthuru Thila Falhu's development is expected to be completed in two years

FPJ Web DeskUpdated: Wednesday, December 28, 2022, 10:23 AM IST
article-image
Image credit: Rail Vikas (Representative)

Rail Vikas Nigam Ltd has received a 15.4 billion rupee order from the Ministry of External Affairs to develop the Uthuru Thila Falhu harbor in the Maldives, according to a company release.

A naval base in the Maldives, Uthuru Thila Falhu's development is expected to be completed in two years. The company did not detail the type of development the harbour is expected to undergo.

India and the Maldives inked a contract in February 2021 to build a naval harbour at the Uthuru Thila Falhu naval facility.

The company was chosen as the winning bidder for the construction of the naval harbour in November of this year.

RECENT STORIES

Dentsu Lays Off 3,400 Employees Globally Amid Cost-Cutting Drive

Dentsu Lays Off 3,400 Employees Globally Amid Cost-Cutting Drive

Nazara Tech Shares Slide 20% In 4 Days Amid Online Gaming Bill Concerns

Nazara Tech Shares Slide 20% In 4 Days Amid Online Gaming Bill Concerns

IREDA Signs MoU With MNRE, Sets ₹8,200 Crore Revenue Target For FY 2025-26

IREDA Signs MoU With MNRE, Sets ₹8,200 Crore Revenue Target For FY 2025-26

Gold Slips ₹200 To ₹1,00,170 Per 10 Grams; Silver Trades Flat At ₹1,15,000 Per kg

Gold Slips ₹200 To ₹1,00,170 Per 10 Grams; Silver Trades Flat At ₹1,15,000 Per kg

GST Council's decision To Slash GST On Cancer Medicines, Essential Drugs ‘Commendable’: IMA

GST Council's decision To Slash GST On Cancer Medicines, Essential Drugs ‘Commendable’: IMA