Rail Vikas Nigam Secures INR 95 Crore Contract from NMDC
Filing Summary
Rail Vikas Nigam Limited (RVNL) has received a Letter of Award (LOA) from the National Mineral Development Corporation (NMDC) Limited. The contract involves the refurbishment of permanent way sidings and mobile equipment tracks, including maintenance at Kirandul and Bacheli in Chhattisgarh. The project is valued at approximately **INR 95 Crore** and is expected to be completed over a period of 36 months. This contract is part of RVNL’s regular business operations. The project will be executed under general contract conditions with no related party transactions involved.
Rail Vikas Nigam Limited (RVNL) has announced the receipt of a **Letter of Award (LOA)** from the **National Mineral Development Corporation (NMDC) Limited**. The award pertains to the refurbishment of permanent way sidings and mobile equipment tracks, including maintenance, at Kirandul and Bacheli in Chhattisgarh.
The project is valued at approximately **INR 95,27,00,000**, inclusive of 18% GST. The contract is set to be executed over a period of **36 months**. The work falls under the normal course of business for RVNL and will be carried out under general contract conditions.
The contract has been awarded by a domestic entity, NMDC, and does not involve any related party transactions. There is no interest from the promoter or promoter group in the entity awarding the contract. The project is classified as a domestic order.
**National Mineral Development Corporation (NMDC) Limited** is a state-controlled mineral producer of the Government of India. It is involved in the exploration of a wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
**Rail Vikas Nigam Limited (RVNL)** is a public sector enterprise under the Ministry of Railways, Government of India. It is responsible for the implementation of rail infrastructure projects and has been involved in the construction of new railway lines, gauge conversion, and electrification projects. RVNL continues to focus on expanding its project portfolio within the rail infrastructure sector.