Rail Vikas Nigam Limited (RVNL) has secured a significant construction contract valued at ₹796.80 Crore from the National Mineral Development Corporation (NMDC). The project involves the construction of residential towers at the Iron Ore Deposit-5 site in Bacheli, Chhattisgarh. This domestic contract is scheduled for execution over 34 months and reinforces RVNL’s capabilities beyond core railway infrastructure into large-scale corporate township development.
RVNL Awarded Major Construction Order
Rail Vikas Nigam Limited (RVNL) announced the receipt of a substantial new contract valued at ₹796.80 Crore (Rupees Seven Hundred Ninety Six Crores Eighty Lakhs Only), inclusive of all applicable taxes. The contract was awarded by the National Mineral Development Corporation (NMDC) Limited, marking a key diversification project for the PSU.
Project Details and Scope
The primary focus of this order is the Construction of Residential Towers located at Iron Ore Deposit-5 in Bacheli, Chhattisgarh. This project confirms RVNL’s ability to handle large-scale domestic civil construction mandates outside of traditional railway networks. The terms and conditions associated with this general contract are standard for the entity, and the execution period is set for 34 months from the award date.
Transaction Confirmation
The contract was awarded by a domestic entity, and RVNL confirms that the terms of the agreement were established at “arm’s length”, indicating no related party transaction issues. This announcement was formally documented on February 26, 2026, as part of mandatory regulatory disclosures.
Source: BSE
