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.

Rail Vikas Nigam Limited has officially received the Letter of Award (LOA) from National Mineral Development Corporation (NMDC) Limited for the construction of residential towers at Iron Ore Deposit-10/11A in Bacheli, Chhattisgarh. The company disclosed this development on February 26, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015, confirming the formal award of this significant construction contract.

Project Specifications and Financial Details

The construction project involves building residential towers at the Iron Ore Deposit-10/11A site in Bacheli, Chhattisgarh. This project represents RVNL's continued expansion into residential construction sectors beyond traditional railway infrastructure development.

Regulatory Compliance and Disclosure

RVNL has fulfilled its regulatory obligations by disclosing the LOA receipt under SEBI regulations as per Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company confirmed that this work falls within the normal course of business operations. The project does not involve any related party transactions and maintains arm's length dealing principles. No promoter or group company interests are involved in the awarding entity.

Strategic Business Impact

This contract award demonstrates RVNL's successful diversification strategy beyond railway infrastructure projects. The substantial project value of ₹536.40 crore will provide steady revenue recognition over the 34-month execution period, contributing significantly to the company's business pipeline and financial stability. The project represents a major milestone in RVNL's expansion into the residential construction segment within the mining sector.