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RVNL Bags ₹284.52 Crore NMDC Order for Chhattisgarh Project

RVNL secures ₹284.52 crore contract from NMDC for residential tower construction in Kirandul, Chhattisgarh; execution timeline 16 months.
RVNL Bags ₹284.52 Crore NMDC Order for Chhattisgarh Project

New Delhi, February 25, 2026: Rail Vikas Nigam Limited (RVNL) has secured a major infrastructure order worth ₹284.52 crore from National Mineral Development Corporation (NMDC) for the construction of a Residential Tower in Kirandul, Chhattisgarh.

The company received a Letter of Acceptance (LOA) for the project and disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

Project Details

  • Awarding Authority: National Mineral Development Corporation (NMDC)

  • Project Nature: Construction of Residential Tower

  • Location: Kirandul, Chhattisgarh

  • Project Value: ₹284.52 Crore (Inclusive of all taxes)

  • Execution Timeline: 16 Months

  • Type: Domestic Contract

The contract will be executed under General Contract Conditions and falls within the normal course of RVNL’s business operations.

 

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No Related Party Involvement

As per regulatory disclosure:

  • The order has been awarded by a domestic entity.

  • There is no promoter or group company interest involved in the awarding entity.

  • The contract does not fall under related party transactions.

 

Strategic Significance

Kirandul is a key mining township operated by NMDC, and the residential tower project is expected to strengthen employee accommodation infrastructure in the region.

While RVNL is primarily known for railway infrastructure development, this order highlights its growing diversification into broader infrastructure and construction projects beyond railways.

About the Companies

Rail Vikas Nigam Limited is a Government of India enterprise under the Ministry of Railways, responsible for executing major railway infrastructure projects including new lines, doubling, electrification, bridges, and allied works.

National Mineral Development Corporation is India’s largest iron ore producer and a leading public sector mining company.

 

Stock Information

  • NSE Symbol: RVNL

  • BSE Scrip Code: 542649

Investors may watch for further updates regarding execution milestones and impact on the company’s order book.

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