RVNL shares in focus after bagging Rs 554.64 cr worth project from NHAI

The shares of RVNL are likely to remain in focus on Wednesday, March 12, after the state-owned company bagged an order from the National Highway Authority of India worth Rs 544.64 crore.

“It is hereby informed that Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from National Highway Authority of India for “Construction of 6 lane access controlled connectivity to Visakhapatnam Port Road from Km 0.000 (Sabbavaram bypass of Anakapalli – Anandapuram corridor) to Km 12.660 (Sheelanagar junction) of NH 516C on Hybrid Annuity Mode in the State of Andhra Pradesh under NH (O) on Hybrid Annuity Mode,” the company said in an exchange filing.

The project involves constructing a 6-lane access-controlled road to Visakhapatnam Port. It covers the stretch from Sabbavaram to Sheelanagar junction, bypassing Anakapalli-Anandapuram corridor.


The road is part of NH 516C in Andhra Pradesh.

The contract is executed under the Hybrid Annuity Mode (HAM), which is a mix of EPC (Engineering, Procurement, and Construction) and BOT (Build-Operate-Transfer) models, where the government and the private entity share financial risks.

Also read: Market jitters? Top global experts see India as long-term winner despite volatility

On Monday, RVNL informed that it signed a Memorandum of Understanding (MoU) with Abhinava Strategic Partners Pvt Ltd (ASP) to receive advisory services for infrastructure projects.

The collaboration focuses on multiple sectors, including railways, mass rapid transit systems (MRTS), highways, expressways, tunnels, bridges, airports, ports, irrigation, and power transmission. Additionally, ASP will provide expertise in renewable energy sectors like solar, wind, and hydropower.

The shares of RVNL closed 1.4% lower at Rs 330.80 on the BSE.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)