RVNL Secures ₹1,333 Crore NMDC Contracts for Residential Towers in Chhattisgarh
New Delhi: State-run infrastructure company Rail Vikas Nigam Limited (RVNL) has secured two major construction contracts from National Mineral Development Corporation (NMDC) for the development of residential towers in Chhattisgarh.
The combined value of the contracts stands at ₹1,333.20 crore (inclusive of taxes), according to the company’s regulatory filing under SEBI’s Listing Obligations and Disclosure Requirements (LODR).
Project Overview
The awarded projects involve the construction of residential towers at NMDC’s iron ore mining complexes located in Bacheli, Chhattisgarh.
Iron Ore Deposit-5
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Contract Value: ₹796.80 Crore
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Scope: Construction of Residential Towers
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Execution Period: 34 Months
Iron Ore Deposit-10/11A
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Contract Value: ₹536.40 Crore
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Scope: Construction of Residential Towers
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Execution Period: 34 Months
Both contracts have been awarded by a domestic entity and fall within RVNL’s normal course of business.
Aslo read: RVNL Bags ₹284.52 Crore NMDC Order for Chhattisgarh Project
Regulatory Compliance
RVNL clarified that:
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The contracts do not qualify as related party transactions.
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The promoter or promoter group has no interest in the awarding entity.
This ensures compliance with regulatory norms and transparency requirements.
Strategic Importance
The twin orders further strengthen RVNL’s diversified infrastructure portfolio beyond railway projects. The residential towers are intended to support NMDC’s workforce at its mining operations in Chhattisgarh.
With a 34-month execution timeline, the projects are expected to provide steady revenue visibility and contribute positively to RVNL’s order book over the next three years.
About the Companies
Rail Vikas Nigam Limited is a Government of India enterprise under the Ministry of Railways, engaged in rail infrastructure development and allied construction services.
National Mineral Development Corporation is India’s largest iron ore producer and a leading public sector mining company.
Total Order Value: ₹1,333.20 Crore
Location: Bacheli, Chhattisgarh
Execution Timeline: 34 Months
The latest contracts mark another significant addition to RVNL’s growing infrastructure pipeline.