RVNL Secures Rs 13.332 bn NMDC Contracts For Chhattisgarh Towers

02 Mar 2026 CW Team

RVNL clarified that the contracts do not qualify as related party transactions and that the promoter and the promoter group have no interest in the awarding entity. The company stated that the awards meet applicable regulatory and transparency requirements and that governance protocols were observed throughout the procurement and contracting process. The disclosure emphasises compliance with statutory norms and seeks to reassure stakeholders regarding arms length conduct in the engagements.

The twin orders are expected to strengthen RVNL's diversified infrastructure portfolio beyond rail projects and to support NMDC's workforce at its mining operations in the region. With a 34-month timeline, the projects are anticipated to provide steady revenue visibility and to contribute positively to RVNL's order book over the next three years. Management commentary highlighted the role of non-rail construction work in broadening revenue streams and in enhancing long term project mix resilience.

Rail Vikas Nigam Limited is a Government of India enterprise under the Ministry of Railways that engages in rail infrastructure development and allied construction services and is now extending its project portfolio. National Mineral Development Corporation is India’s largest iron ore producer and the procuring party for these works. The orders add to RVNL's growing infrastructure pipeline in Chhattisgarh and underscore the firm's continued participation in construction projects that support public sector operations.

Rail Vikas Nigam Limited (RVNL) has secured two contracts from National Mineral Development Corporation (NMDC) for the construction of residential towers at Bacheli in Chhattisgarh. The combined contract value is Rs 13.332 bn (13,332 mn), comprised of Rs 7,968 mn for Iron Ore Deposit-5 and Rs 5,364 mn for Iron Ore Deposit-10/11A. Each contract carries a 34-month execution period and both awards were made by a domestic entity as part of RVNL's ordinary business activities. RVNL clarified that the contracts do not qualify as related party transactions and that the promoter and the promoter group have no interest in the awarding entity. The company stated that the awards meet applicable regulatory and transparency requirements and that governance protocols were observed throughout the procurement and contracting process. The disclosure emphasises compliance with statutory norms and seeks to reassure stakeholders regarding arms length conduct in the engagements. The twin orders are expected to strengthen RVNL's diversified infrastructure portfolio beyond rail projects and to support NMDC's workforce at its mining operations in the region. With a 34-month timeline, the projects are anticipated to provide steady revenue visibility and to contribute positively to RVNL's order book over the next three years. Management commentary highlighted the role of non-rail construction work in broadening revenue streams and in enhancing long term project mix resilience. Rail Vikas Nigam Limited is a Government of India enterprise under the Ministry of Railways that engages in rail infrastructure development and allied construction services and is now extending its project portfolio. National Mineral Development Corporation is India’s largest iron ore producer and the procuring party for these works. The orders add to RVNL's growing infrastructure pipeline in Chhattisgarh and underscore the firm's continued participation in construction projects that support public sector operations.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..