Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Receipt of LOA from National Mineral Development Corporation (NMDC)
RVNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from National Mineral Development Corporation (NMDC) for the construction of a residential tower in Kirandul, Chhattisgarh. NMDC is a Government of India undertaking under the Ministry of Steel, making this a PSU-to-PSU contract. The financial value of the order has not been disclosed in the filing. RVNL has stated that this work falls within the normal course of its business. The disclosure is being made under SEBI LODR Regulation 30, along with the required declaration as per the November 2024 SEBI circular.
Adds to RVNL's order book from a government client, which is a positive signal for business continuity, though the absence of order value limits investors' ability to gauge the materiality of this win. Watch for further disclosures on the contract value.