Rail Vikas Nigam Limited has announced a significant addition to its senior management team with the appointment of Shri Ashutosh Gautam as Executive Director (Civil), effective 17.04.2026. The appointment was formally communicated to stock exchanges under SEBI Regulation 30 requirements for disclosure of changes in senior management personnel.

Appointment Details and Terms

The company has provided comprehensive details regarding the new executive appointment:

Professional Background and Experience

Shri Ashutosh Gautam brings extensive experience spanning over 33 years in multi-disciplinary infrastructure sectors. His career encompasses significant roles across highways, ports, inland water transport, and urban development projects involving thousands of crores in project administration.

Prior to joining RVNL, Gautam served on deputation to NHAI/MORTH as Member (Technical) cum Deputy Project Director for the Jal Marg Vikas Project (JMVP). He also held additional charge as Member (Traffic & Logistics) in Inland Waterways Authority of India (IWAI) under the Ministry of Ports, Shipping and Waterways, Government of India.

Academic Credentials and Leadership Roles

Gautam's academic achievements include a Gold medal for B.Tech in Civil Engineering and a Silver medal for M.Tech from IIT Delhi. His leadership experience extends to serving as Managing Director for multiple Special Purpose Vehicles (SPVs):

• Ahmedabad Vadodara Expressway Ltd during his Gujarat tenure
• Kolaghat Haldia Highways Ltd during his West Bengal assignment
• Director nominations in SPVs formed with Government of Odisha (IWCOL) and Ministry of Road Transport & Highways (Varanasi MMLP Ltd)

Project Management and Advisory Experience

The new Executive Director has served as General Manager Commercial Operations & Logistics and Project Director for World Bank road projects. His tenure included 12 years as nodal officer for World Bank road projects in Uttar Pradesh, overseeing Golden Quadrilateral and NSEW corridor developments stationed at Kanpur and Lucknow.

Gautam also contributes to academic and policy development as honorary visiting faculty to various prestigious institutions including IITs, IIMs, LBSNAA, IAHE, and NITs, specializing in large highways contract administration and FIDIC contracts. He participated in preparing Vision 2047 representing IWAI/Ministry of Ports, Shipping and Waterways.

Regulatory Compliance and Documentation

The appointment follows proper regulatory procedures with RVNL filing the required declaration under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30.01.2026. The company has provided complete documentation including the office order of appointment and detailed profile information as required under listing obligations.

Rail Vikas Nigam Limited has secured a major railway infrastructure contract from East Coast Railway, emerging as the lowest bidder for a comprehensive bridge construction project worth ₹967.93 crore. The contract represents a significant addition to the company's order book and falls under its normal course of business operations.

Project Overview

The awarded contract involves construction of four critical bridges as part of the 3rd and 4th line development on the Bhadrak-Vizianagaram section. The project spans across the Nergundi-Barang (22 km) and Khurda Road-Vizianagagram (363 km) sections, covering a total distance of 385 km.

Bridge Construction Details

The contract encompasses construction of four major bridges, each designed as Open Web Steel Girder structures across significant rivers in the region:

Contract Terms and Conditions

The project operates under general contract conditions with East Coast Railway, a domestic entity. The contract does not involve any related party transactions and maintains arm's length dealing principles. The company's promoter group has no interest in the awarding entity, ensuring transparent business operations.

Strategic Significance

This bridge construction project forms part of the critical railway infrastructure development in Odisha, enhancing connectivity along the Bhadrak-Vizianagaram corridor. The four bridges will facilitate seamless railway operations across major river systems, supporting the expansion of railway network capacity in the region. The three-year execution timeline reflects the project's complexity and the substantial engineering requirements involved in constructing these strategic railway bridges.