Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Receipt of LOA from NMDC Limited
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from NMDC Limited for construction of a residential campus for senior and board-level executives at Banjara Hills, Hyderabad (Phase-II). The contract value is INR 39.21 crore (including 18% GST) with a execution timeline of 15 months. The work falls in the normal course of business for RVNL. This is a domestic construction contract awarded by NMDC, a government enterprise in the mining sector. No related party transaction or promoter interest has been reported.
The contract value of approximately INR 39 crore is modest relative to RVNL's scale of operations and is unlikely to have a material impact on revenue or profitability in the near term. It represents incremental business flow for the company.