Rail Vikas Nigam Limited — Important, 21-03-2025: Updates

Rail Vikas Nigam Limited has received a Letter of Acceptance from the National Highway Authority of India for the construction of a six-lane access-controlled road connecting Visakhapatnam Port. This project spans from Km 0.000 (Sabbavaram bypass) to Km 12.660 (Sheelanagar junction) of NH 516C, operating under Hybrid Annuity Mode in Andhra Pradesh. The estimated project cost is approximately ₹554.65 Cr, with an execution timeline of 730 days. This development aligns with the company's normal operations and signifies its continued involvement in infrastructure projects, providing a positive outlook for future growth. Investors should monitor this project closely for any further updates and its potential impact on the company’s performance.