Rail Vikas Nigam Limited (RVNL) has received a Letter of Award (LOA) worth ₹644.84 Crore from the National Mineral Development Corporation (NMDC) Limited. The contract involves the construction of residential towers and a shopping complex in Bacheli, Chhattisgarh. This project is considered to be within the normal course of RVNL’s business activities. The execution timeline for this significant domestic contract is set at 34 months.
RVNL Awarded Significant EPC Contract
Rail Vikas Nigam Limited (RVNL) today announced the successful receipt of a Letter of Award (LOA) from the National Mineral Development Corporation (NMDC) Limited. This development, announced on February 26, 2026, pertains to a significant construction project.
Project Details and Value
The awarded contract involves the “Construction of Residential Towers and Shopping complex in Bacheli, Chhattisgarh.”
- Awarding Entity: National Mineral Development Corporation (NMDC) Limited.
- Contract Type: General Contract Conditions, awarded by a Domestic Entity.
- Project Cost: The broad consideration is Rs. 644.84 Crore (Rupees Six Hundred Forty Four Crores Eighty-four Lakhs Only), inclusive of all applicable taxes.
- Execution Period: The contract is slated for completion within a time period of 34 months.
Compliance Statement
RVNL confirms that this order falls within the routine operations of the Company and does not involve related party transactions. Furthermore, neither the promoter nor any promoter group companies have any declared interest in the entity that awarded this contract.
The documentation confirming these details, as required under recent circulars, has been duly enclosed for record purposes.
Source: BSE
