RVNL shares rise 2% as company secures Rs 554 crore highway project
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Rail Vikas Nigam Limited (RVNL) shares gained 2.4% to the day's high of Rs 366 in Friday's early trade after the company announced securing a contract worth Rs 554.64 crore from the National Highways Authority of India (NHAI). The contract involves the construction of a six-lane access-controlled connectivity road to the Visakhapatnam Port in Andhra Pradesh, a key infrastructure project that is expected to boost regional trade and transportation efficiency. “It is hereby informed that Rail Vikas Nigam Limited has received Letter of Acceptance from National Highway Authority of India for “Construction of 6 lane Access Controlled connectivity to Visakhapatnam Port Road from Km 0.000 (Sabbavaram bypass of Anakapalli - Anandapuram corridor) to Km 12.660 (Sheelanagar junction) of NH 516C on Hybrid Annuity Mode in the State of Andhra Pradesh under NH (O) on Hybrid Annuity Mode,” the company informed in a filing to the stock exchanges. A...