RVNL wins NHAI project worth Rs 8.08 billion as lowest bidder

11 Jul 2023 CW Team

Rail Vikas Nigam (RVNL) has emerged as the lowest bidder for the rehabilitation and upgradation of the Chandikhole-Paradip section of NH-53 (Old NH - 5A) on HAM mode. The project's cost amounts to Rs 8.08 billion.

It was mentioned that the project has been awarded by the National Highways Authority of India (NHAI). The contract is expected to be executed within a span of 24 months.

During the fourth quarter of FY23, RVNL reported a 5 percent decline in net profit, which totalled Rs 3.59 billion compared to the previous year. The company's total revenue amounted to Rs 57.19 billion, reflecting an 11% decrease from the corresponding period of the preceding fiscal year, which had recorded revenue of Rs 64.37 billion.

The shares of RVNL have experienced a notable increase in value, in line with the overall surge in railway stocks. Over the past six months, RVNL shares have risen by approximately 70 percent. On July 7, the stock concluded the trading session with a minor decline of less than 1 percent.

Also read:
TMC plans to construct more internal roads with TTD support
3 Bidders for Mumbai’s Goregaon – Mulund Link Road Tunnel Project

Infrastructure Energy

16 Sep 2025

Udangudi Thermal Plant’s First Unit Synced to Grid

The first 660 MW unit of the Udangudi Supercritical Thermal Power Project in Tamil Nadu has finally been synchronised with the grid, marking a long-awaited milestone for the state’s power sector. The project, being developed at a cost of Rs 13,076 crore by Tamil Nadu Power Generation and Distribution Corporation Ltd (TNGPCL), was originally scheduled for commissioning in 2021 but faced repeated delays due to court disputes and the COVID-19 pandemic.The synchronisation took place at 7.56 pm on Thursday, when the unit produced 42 MW during its initial trial run. Officials noted that the plant ..

Kandla Port to Expand Operations Beyond Gujarat

In a strategic shift, Kandla Port, managed by the Deendayal Port Authority (DPA), is preparing to expand its operations beyond Gujarat for the first time. The authority has confirmed that it is exploring opportunities to manage both public and private terminals in Maharashtra and Karnataka.Kandla Port, located in Gujarat’s Kutch district, has traditionally been one of India’s busiest ports, handling more than 150 million tonnes of cargo in the last financial year. About 60 per cent of this was petroleum, oil, and lubricants, while the remainder included timber, food grains, chemicals, and ..

Mumbai Port Seeks Nod to Reclaim Sea at Jawahar Dweep

The Mumbai Port Authority (MbPA) has proposed reclaiming 4.14 hectares of sea at Jawahar Dweep, also known as Butcher Island, to build additional crude oil storage facilities. The proposal, which will be placed before the Maharashtra Coastal Zone Management Authority for clearance, aims to improve turnaround times for ships handling petroleum and chemical cargo.Officials argue that the move is essential, as liquid petroleum and chemicals account for nearly 70 per cent of the port’s cargo. Currently, oil unloaded at Mumbai Port is piped to refineries in Mahul, but limited storage capacity has..