Rail Vikas Nigam Limited (RVNL) shares gained 2% after emerging as the Lowest Bidder (L1) for a prestigious infrastructure project awarded by the National Highway Authority of India (NHAI). This contract reinforces RVNL’s growing presence in India’s infrastructure sector.
The project involves constructing a six-lane access-controlled connectivity road to Visakhapatnam Port, linking Sabbavaram bypass (Anakapalli-Anandapuram corridor) to Sheelanagar junction (NH 516C) in Andhra Pradesh. This development, valued at ₹554.64 crore (excluding GST), will be executed under the Hybrid Annuity Mode (HAM), ensuring financial efficiency and timely completion within 730 days.
The project is set to enhance connectivity, reduce congestion, and boost trade efficiency at Visakhapatnam Port, a critical hub for logistics and exports. Improved infrastructure will facilitate seamless transportation, attract investments, and support economic growth in the region.
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