Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Receipt of Letter of Award (LOA) from National Mineral Development Corporation (NMDC) Limited
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from NMDC Limited, a Government of India enterprise, for the construction of residential towers at Iron Ore Deposit-10/11A in Bacheli, Chhattisgarh. The project is valued at Rs. 536.40 Crore inclusive of all taxes and is to be executed over 34 months. This is a domestic order awarded by a government-owned entity and falls within RVNL's normal course of business. There is no related party interest involved in the transaction.
This is a moderate-sized order (roughly 2-3% of RVNL's annual revenue) that adds to the company's order book and provides revenue visibility over the next ~3 years. It reinforces RVNL's diversification beyond core rail infrastructure into construction work for public sector clients, though it is unlikely to be a major stock-moving event on its own.