RVNL Bags ₹371.69 Crore NMDC Township Development Contract in Kirandul
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New Delhi, February 25, 2026: Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from National Mineral Development Corporation (NMDC) for the development of a township in Kirandul, Chhattisgarh. The project has a total contract value of ₹371.69 crore (inclusive of all taxes) and will be executed over a 21-month period.
The contract has been awarded under General Contract Conditions in the normal course of business.
Project Highlights
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Awarding Authority: National Mineral Development Corporation (NMDC)
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Project Scope: Development of Township in Kirandul, Chhattisgarh
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Execution Timeline: 21 Months
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Project Cost: ₹371.69 Crore (Inclusive of all taxes)
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Type of Contract: Domestic entity, standard infrastructure development project
Compliance and Corporate Governance
As per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024:
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There is no promoter or group company interest in NMDC.
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The project does not qualify as a related party transaction.
The contract reflects RVNL’s ability to diversify beyond railway infrastructure into residential and township development, leveraging its expertise in executing large-scale infrastructure projects for central public sector undertakings.
Strategic Significance
Kirandul is a key mining township in Chhattisgarh, and the development project aims to provide modern residential infrastructure, supporting workforce accommodation and township facilities. The initiative aligns with RVNL’s commitment to delivering transformative infrastructure projects of national importance.
About the Company
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, bridges, doubling, electrification, and now diversified infrastructure projects.