Rail Vikas Nigam Limited has announced that its joint venture with GPT Infraprojects Limited has emerged as the lowest bidder (L1) for a significant bridge construction project from Northern Railway. The company informed stock exchanges on January 28, 2026, that this development represents normal course of business operations.

Project Overview

The awarded project involves the design and construction of New Rail Cum Road Bridge No. 11 over river Ganga, positioned 50 meters downstream of the existing old Malviya Bridge near Kashi Railway Station. The comprehensive infrastructure project encompasses both substructure and superstructure development in Varanasi, Uttar Pradesh.

Financial Details and Joint Venture Structure

The project carries a total cost of ₹12,01,35,69,000 (Rupees Twelve Hundred One Crore Thirty-Five Lakh Sixty-Nine Thousand Only), inclusive of all taxes. The joint venture partnership demonstrates a strategic collaboration between the two infrastructure companies.

Project Scope and Infrastructure Components

The comprehensive project scope includes multiple critical infrastructure elements beyond the primary bridge construction. The development will incorporate railway and road approaches as per General Arrangement Drawing (GAD) specifications, along with associated Overhead Equipment (OHE) works and general electrical installations.

Key project features include:

• Complete substructure and superstructure construction
• Integration of four-line railway tracks on the lower deck
• Six-lane road infrastructure on the upper deck
• Associated OHE works for railway operations
• General electrical works and installations

Regulatory Compliance and Corporate Disclosure

The announcement follows SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, requirements for project disclosures. The company confirmed that neither promoters nor group companies have any interest in Northern Railway, the entity awarding the contract. Additionally, the transaction does not fall within related party transaction categories.

Company Secretary and Compliance Officer Kalpana Dubey signed the official communication to stock exchanges, emphasizing that this project award represents normal business operations for Rail Vikas Nigam Limited. The 48-month execution timeline positions the joint venture for substantial infrastructure development in the strategically important Varanasi region.

Rail Vikas Nigam Limited has announced the appointment of Shri B.K. Jain as Part-Time Official Director on its Board of Directors, effective January 28, 2026. The appointment was communicated to stock exchanges on January 28, 2026, following the company's earlier announcement on January 22, 2026 regarding the appointment of a Part-Time Official Director position.

Board Appointment Details

The Board of Directors of RVNL approved the appointment of Shri B.K. Jain (DIN: 11508692) as Part-Time Official Director in accordance with applicable provisions of the Companies Act, 2013. The appointment became effective from January 28, 2026, coinciding with the date of allotment of his Director Identification Number.

Professional Background

Shri B.K. Jain is an Indian Railway Service of Engineers (IRSE) officer from the 1992 batch, bringing over three decades of distinguished service in Indian Railways to his new role. He holds a Bachelor's degree in Civil Engineering from IIT Roorkee and an M.Tech from IIT Delhi, complemented by professional training from IRICEN, Pune and international programs in Singapore and Malaysia.

His expertise encompasses several critical areas of railway operations:

• New line construction, doubling and gauge conversion projects
• Permanent way, bridges and buildings
• Railway land and estate management
• Tendering, contracts and arbitration
• Safety management and disaster preparedness
• Coordination with State Governments, PSUs, and other Ministries

Regulatory Compliance

In compliance with SEBI Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, RVNL confirmed that Shri B.K. Jain has not been debarred from holding the office of director by virtue of any SEBI order or any other authority. The company has provided all required details under Regulation 30 of the SEBI Listing Regulations.

Updated Board Composition

Following Shri B.K. Jain's appointment, RVNL's Board of Directors now comprises eight members:

The appointment strengthens RVNL's board with additional railway sector expertise and government representation, supporting the company's ongoing railway infrastructure development initiatives.