RVNL shares in focus after bagging Rs 554.64 cr price mission from NHAI
“It’s hereby knowledgeable that Rail Vikas Nigam Restricted emerges because the Lowest Bidder (L1) from Nationwide Freeway Authority of India for “Development of 6 lane entry managed connectivity to Visakhapatnam Port Highway from Km 0.000 (Sabbavaram bypass of Anakapalli – Anandapuram hall) to Km 12.660 (Sheelanagar junction) of NH 516C on Hybrid Annuity Mode within the State of Andhra Pradesh beneath NH (O) on Hybrid Annuity Mode,” the corporate mentioned in an alternate submitting.
The mission includes establishing a 6-lane access-controlled highway to Visakhapatnam Port. It covers the stretch from Sabbavaram to Sheelanagar junction, bypassing Anakapalli-Anandapuram hall.
The highway is a part of NH 516C in Andhra Pradesh.
The contract is executed beneath the Hybrid Annuity Mode (HAM), which is a mixture of EPC (Engineering, Procurement, and Development) and BOT (Construct-Function-Switch) fashions, the place the federal government and the personal entity share monetary dangers.
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On Monday, RVNL knowledgeable that it signed a Memorandum of Understanding (MoU) with Abhinava Strategic Companions Pvt Ltd (ASP) to obtain advisory companies for infrastructure tasks.
The collaboration focuses on a number of sectors, together with railways, mass fast transit programs (MRTS), highways, expressways, tunnels, bridges, airports, ports, irrigation, and energy transmission. Moreover, ASP will present experience in renewable vitality sectors like photo voltaic, wind, and hydropower.
The shares of RVNL closed 1.4% decrease at Rs 330.80 on the BSE.
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