Navratna PSU RVNL Lowest Bidder for Rs 5.54 Bn NHAI Project

13 Mar 2025 CW Team

Rail Vikas Nigam (RVNL), a Navratna public sector enterprise under the Ministry of Railways, has secured a significant infrastructure project from the National Highways Authority of India (NHAI). The company has been awarded a Rs 5.54 billion contract for the construction of a six-lane access-controlled connectivity road in Andhra Pradesh. This road will link the Sabbavaram bypass, part of the Anakapalli-Anandapuram corridor, to the Sheelanagar junction of NH-516C.

The project will be implemented under the Hybrid Annuity Model (HAM), a financing structure that combines government and private sector investments to share risks and ensure timely execution. Once completed, the road is expected to improve connectivity to Visakhapatnam Port, facilitating smoother transportation and enhancing trade and logistics operations in the region.

This development highlights RVNL’s expanding role in the infrastructure sector, particularly in roads and highways. Traditionally focused on railway projects, the company has been diversifying its portfolio to align with the government’s emphasis on infrastructure development. This contract strengthens RVNL’s position in the highways segment, reinforcing its capability to undertake large-scale projects beyond the rail sector.

News source: CNBC TV18

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..