New Launch26 Feb 2026, 02:58 pm
Rail Vikas Nigam Ltd Secures LOA from NMDC for Construction of Residential Towers Worth Rs. 796.80 Crore
AI Summary
Rail Vikas Nigam Ltd has announced that it has received a Letter of Award (LOA) from National Mineral Development Corporation (NMDC) Limited for the construction of residential towers at Iron Ore Deposit-5, Bacheli, Chhattisgarh. The project cost is Rs. 796.80 Crore and it is expected to be completed in 34 months. This is a domestic order and does not involve any related party transactions.
Key Highlights
- Rail Vikas Nigam Ltd has received a LOA from NMDC Limited for a construction project worth Rs. 796.80 Crore.
- The project involves the construction of residential towers at Iron Ore Deposit-5, Bacheli, Chhattisgarh.
- The project is expected to be completed in 34 months.
- This is a domestic order and does not involve any related party transactions.
- The announcement was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.