Rail Vikas Nigam Limited has received a Letter of Award from NMDC Limited for the construction of a residential campus for senior and board-level executives at Banjara Hills, Hyderabad (Phase-II). The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The project has been awarded by NMDC Limited, a domestic entity, and is valued at INR 39.21 crores including GST at 18%. The work involves the construction of residential facilities under general contract conditions and is to be executed within a period of 15 months. The company stated that this project falls within the normal course of its business operations.

According to the disclosure, the promoters, promoter group, or group companies do not have any interest in the entity that awarded the contract. The order does not fall within related party transactions and is not conducted at arm's length. The company has enclosed the declaration as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 as Annexure A.

The registered office of Rail Vikas Nigam Limited is located at World Trade Center, Tower A, 6th to 9th Floor, Nauroji Nagar, New Delhi-110029. The company can be contacted at +91-11-26738299 or via email at info@rvnl.org . The corporate office is situated at the same address with additional contact details including fax at +91-11-26182957.

Project Details

Rail Vikas Nigam Limited has officially completed the appointment of Shri Ashutosh Gautam as Executive Director (Civil), with the executive reporting for duty on 17.04.2026. The appointment was formally communicated to stock exchanges under SEBI Regulation 30 requirements, with comprehensive documentation filed including the official posting order and regulatory declarations.

Official Appointment and Regulatory Compliance

The company has completed all regulatory procedures for the senior management appointment, with proper documentation submitted to both NSE and BSE. The appointment follows SEBI Master Circular requirements, with Rail Vikas Nigam Limited filing the necessary declaration under Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30.01.2026.

Professional Background and Career Transition

Shri Ashutosh Gautam brings extensive experience spanning over 33 years in multi-disciplinary infrastructure sectors including highways, ports, inland water transport, and urban development projects involving thousands of crores in project administration. His appointment comes following his technical resignation from the National Highway Authority of India, his parent organization, which was accepted vide office order No. 11019/211/2008-Admn(E-50272)/7716 dated 17.04.2026.

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 Excellence and Leadership Portfolio

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

Project Management and World Bank Experience

The new Executive Director has extensive World Bank project experience, serving as General Manager Commercial Operations & Logistics and Project Director for World Bank road projects. His notable tenure included 12 years as nodal officer for World Bank road projects in Uttar Pradesh, overseeing Golden Quadrilateral and NSEW corridor developments while 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.

Immediate Absorption and Administrative Procedures

The appointment was processed on immediate absorption basis following Gautam's selection against Vacancy Notice No. 2026/RVNL/09-CIVIL dated 24.01.2026. The company has issued Posting Order No. 18/2026, with the executive's pay fixation order to be issued separately. Company Secretary Kalpana Dubey signed the regulatory filing, ensuring compliance with all listing obligations and disclosure requirements.