Rail Vikas Nigam Limited (RVNL) has successfully secured a contract from NMDC Limited for the construction of a residential campus. The project, designated for senior and board-level executives, is located at Banjara Hills, Hyderabad (Phase-II). The contract is valued at ₹39.21 crore, inclusive of 18% GST. The project is expected to be completed within a period of 15 months, further diversifying the company’s project portfolio.
Strategic Infrastructure Project Awarded
Rail Vikas Nigam Limited (RVNL) has announced the receipt of a Letter of Award (LOA) from NMDC Limited. This project involves the development of a premium residential facility in Hyderabad, specifically tailored for senior and board-level executives. This win underscores the company’s capability to deliver high-quality construction projects beyond its primary infrastructure operations.
Project Financials and Execution
The total value of the contract is ₹39,21,00,000 (Thirty-Nine Crores Twenty-One Lakhs), a figure that includes 18% GST. The execution timeline for this Phase-II development is set for 15 months. As a domestic project, this initiative aligns with the company’s objective of executing specialized civil works within the regular course of its business operations.
Source: BSE
