RVNL Wins Rs 5.54 Bn Highway Project in Andhra Pradesh

26 Mar 2025 CW Team

Rail Vikas Nigam (RVNL) has secured a Letter of Acceptance from the National Highway Authority of India (NHAI) for a significant infrastructure project in Andhra Pradesh. The project, valued at Rs 5.54 billion, involves the construction of a six-lane access-controlled road connecting Visakhapatnam Port from the Sabbavaram bypass to the Sheelanagar junction. The 12.66-kilometre stretch will be developed under the Hybrid Annuity Mode (HAM) as part of National Highway (NH) 516C.

As per the contract terms, the project is expected to be completed within 730 days. The initiative aims to enhance connectivity to Visakhapatnam Port, improving traffic flow and logistical efficiency in the region. The contract falls under RVNL’s regular business operations and does not involve any related party transactions.

Following the announcement, RVNL’s stock saw an increase, trading at Rs 372.25 on the NSE, reflecting a rise of Rs 14.35 or 4.01 per cent at 10:15 AM. The project is part of the government's broader efforts to strengthen transportation infrastructure and facilitate economic growth in Andhra Pradesh.

News source: The Hindu Businessline

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..