New Launch25 Feb 2026, 10:41 pm
Rail Vikas Nigam Ltd Receives LOA from NMDC for Construction of Residential Tower in Kirandul, Chhattisgarh
AI Summary
Rail Vikas Nigam Ltd (RVNL) has announced that it has received a Letter of Acceptance (LOA) from National Mineral Development Corporation (NMDC) for the construction of a residential tower in Kirandul, Chhattisgarh. The project cost is Rs. 284.52 Crore (Rupees Two Hundred Eighty Four Crore and Fifty Two Lakhs Only) and the time period for execution is 16 months. This project is in the normal course of business of the Company.
Key Highlights
- RVNL received LOA from NMDC for the construction of a residential tower in Kirandul, Chhattisgarh.
- The project cost is Rs. 284.52 Crore and the execution time is 16 months.
- This project is in the normal course of business of the Company.
- NMDC is a domestic entity and the order has been awarded at 'arm’s length'
- RVNL is a Government of India Enterprise