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Rail Vikas Nigam Ltd (RVNL) has emerged as the lowest bidder for a ₹554.64 crore NHAI project. The contract involves constructing a six-lane connectivity road under the Hybrid Annuity Model (HAM). RVNL share price closed at ₹330.80 on the BSE, down 1.40%.
Rail Vikas Nigam Ltd (RVNL), a Navratna PSU under the Ministry of Railways, has been awarded a major infrastructure project by the National Highways Authority of India (NHAI). RVNL has emerged as the lowest bidder (L1) for a ₹554.64 crore contract involving the construction of a six-lane access-controlled connectivity road in Andhra Pradesh. The project will connect the Sabbavaram bypass (Anakapalli-Anandapuram corridor) to Sheelanagar junction of NH-516C.
The project will be executed under the Hybrid Annuity Model (HAM), a public-private partnership model that shares investment risks between the government and private players. Once completed, the road is expected to significantly improve connectivity to Visakhapatnam Port, enhancing trade and logistics operations in the region.
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Project Value: RVNL wins a ₹554.64 crore road infrastructure project from NHAI.
Project Scope: Construction of a six-lane access-controlled road in Andhra Pradesh.
Execution Model: Project to be developed under the Hybrid Annuity Model (HAM).
Strategic Importance: The road will improve connectivity to Visakhapatnam Port, enhancing trade efficiency.
Market Impact: RVNL share price closed at ₹330.80 on the BSE, down 1.40% following the announcement.
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RVNL has been steadily expanding beyond railway infrastructure into roads and highways. The company’s participation in NHAI projects reflects its strategic diversification, aligning with the government’s focus on infrastructure development. The awarded project will play a key role in strengthening RVNL’s presence in the highways sector.
Additionally, the contract follows the Hybrid Annuity Model (HAM), where the government funds 40% of the project cost during the construction phase, while the remaining 60% is managed through private sector investment and annuity payments over time. This funding mechanism ensures efficient project execution and financial stability.
Project Details | Specifications |
Project Cost | ₹554.64 crore |
Execution Model | Hybrid Annuity Model (HAM) |
Project Scope | Six-lane access-controlled connectivity road |
Location | Andhra Pradesh |
Strategic Importance | Connectivity to Visakhapatnam Port |
RVNL Share Price (BSE Close) | ₹330.80 (-1.40%) |
The ₹554.64 crore NHAI contract marks another milestone in RVNL’s expansion into the highways sector. The project is expected to boost regional connectivity while reinforcing RVNL’s position in India’s infrastructure landscape. Investors continue to track RVNL share price as the company secures more contracts in the roads and highways domain.
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