Rail Vikas Nigam Limited has announced a significant leadership transition with the appointment of a new Chairman & Managing Director and the cessation of the incumbent from the top position.

Leadership Transition at RVNL

Shri Sukhmal Chand Jain (DIN: 07564584) ceased to hold the position of Chairman & Managing Director of the company effective December 23, 2025. Simultaneously, Shri Saleem Ahmad (DIN: 10119432), who was serving as Director (Projects) at NBCC (India) Ltd., has assumed charge as the new Chairman & Managing Director of Rail Vikas Nigam Limited from the same date.

New CMD Profile and Experience

Shri Saleem Ahmad brings over 35 years of extensive experience in the construction sector to his new role. He holds a degree in Civil Engineering from Jamia Millia Islamia University, New Delhi. His professional background encompasses the execution of large-scale infrastructure projects, with specialized expertise in bridges, tunnels, as well as residential and commercial developments.

Prior to joining NBCC, Ahmad served as Executive Director (Civil) at Delhi Metro Rail Corporation Ltd. and previously held a position at Mumbai Port Trust. Throughout his distinguished career, he has contributed significantly to sustainable infrastructure, presenting papers at national and international forums and playing a pivotal role in designing and implementing last-mile connectivity solutions during his tenure at DMRC.

Updated Board Composition

Following the leadership change, the current list of directors at Rail Vikas Nigam Limited includes:

Regulatory Compliance and Approvals

The appointment has been approved by the competent authority through the Ministry of Railways. The appointment letter specifies that Ahmad will serve in the scale of pay of Rs. 2,00,000-3,70,000/- (IDA) with effect from the date of his assumption of charge until his superannuation date of April 30, 2029, or until further orders, whichever is earlier.

The company has confirmed compliance with SEBI regulations, stating that the new CMD has not been debarred from holding the office of director by virtue of any SEBI order or any other authority. Ahmad is not related to any other director of the company and holds no equity shares in Rail Vikas Nigam Limited.

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure to stakeholders and stock exchanges.

NBCC (India) Limited has secured a Project Management Consultancy (PMC) contract worth ₹179.37 crores from the Indian Institute of Management, Sambalpur. The contract involves providing PMC services for the Phase-II infrastructure development of IIM Sambalpur's permanent campus.

Contract Details

The awarded contract encompasses Project Management Consultancy (PMC) services for the Phase-II Infrastructure Development of the Permanent Campus of IIM Sambalpur. This domestic contract represents a substantial engagement in the educational infrastructure sector.

Project Scope and Significance

The contract involves comprehensive project management consultancy services for developing the permanent campus infrastructure of IIM Sambalpur. This Phase-II development represents a critical expansion of the institute's physical infrastructure, supporting its academic and administrative operations.

The project falls under NBCC's core competency area of providing end-to-end project management solutions for institutional and government projects. The company's expertise in managing large-scale infrastructure developments positions it well to execute this educational sector project.

Business Impact

NBCC has confirmed that this work order falls within the normal course of business operations. The contract adds significant value to NBCC's order book and reinforces its position in the educational infrastructure development segment.

This latest contract win demonstrates NBCC's continued success in securing substantial project management assignments from prestigious educational institutions, further strengthening its portfolio in the institutional infrastructure development sector.

Corporate Compliance

The contract award notification includes comprehensive details as required under regulatory guidelines. NBCC has confirmed that no promoter or group companies have any interest in the awarding entity, ensuring arm's length transaction principles are maintained.

NBCC's commitment to transparency is evident in its prompt disclosure of this material business development through proper regulatory channels and on the company's official website.