Rail Vikas Nigam Limited has announced the receipt of a significant Letter of Award from National Mineral Development Corporation (NMDC) Limited for a major residential construction project in Chhattisgarh. The company disclosed this development to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details and Scope

The awarded contract involves the construction of residential towers at Iron Ore Deposit-5 at Bacheli, Chhattisgarh. This project represents a substantial addition to Rail Vikas Nigam Limited's portfolio in the construction and infrastructure development sector.

Financial and Commercial Terms

The project carries a total value of ₹796.80 crore (Rupees Seven Hundred Ninety Six Crores Eighty Lakhs Only), inclusive of all taxes. The contract operates under general contract conditions and falls within the domestic category, being awarded by a domestic entity.

Regulatory Compliance and Disclosures

Rail Vikas Nigam Limited has confirmed that this contract falls within the normal course of business operations. The company has provided comprehensive disclosures as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key regulatory confirmations include:

• No promoter or group company interest in the awarding entity
• The contract does not constitute a related party transaction
• All terms and conditions follow standard commercial practices

Corporate Significance

This contract award reinforces Rail Vikas Nigam Limited's capabilities in large-scale construction projects beyond its traditional railway infrastructure focus. The 34-month execution timeline provides a structured framework for project delivery, while the substantial contract value contributes to the company's order book strength.

The project documentation was signed by Baldev S. Jaryal, Executive Director (Business Development), and the regulatory filing was completed by Kalpana Dubey, Company Secretary & Compliance Officer, ensuring proper corporate governance protocols.

Rail Vikas Nigam Limited has announced a major business achievement with the securing of additional orders worth ₹13.4 billion from NMDC Limited. This substantial contract represents a significant milestone for the railway infrastructure development company.

Order Details

The company has successfully obtained these additional orders from NMDC, one of India's leading mining and steel companies. The order value of ₹13.4 billion reflects the scale and importance of the projects involved.

Business Impact

This order win demonstrates Rail Vikas Nigam's continued ability to secure substantial contracts from major public sector enterprises. The company's success in obtaining these additional orders from NMDC reinforces its competitive position in the infrastructure development sector.

The substantial contract value is expected to contribute significantly to the company's order book and future revenue pipeline. Such large-scale orders from established clients like NMDC highlight the trust and confidence placed in Rail Vikas Nigam's execution capabilities.

Company Profile

Rail Vikas Nigam Limited operates as a railway infrastructure development company, focusing on various aspects of railway construction and development projects. The company's ability to secure repeat orders from major clients demonstrates its established market presence and project execution track record.