RVNL Secures Rs 13.332 bn NMDC Contracts for Residential Towers

02 Mar 2026 CW Team

The first contract, covering Iron Ore Deposit-5, carries a value of Rs 7,968 million and the second, for Iron Ore Deposit-10/11A, is valued at Rs 5,364 million; both contracts have execution periods of 34 months. The figures reflect conversions from the original crore denominations and have been disclosed as part of routine regulatory filings. Both contracts share identical 34?month execution windows and are scheduled to proceed under RVNL’s standard project management framework.

RVNL clarified that the contracts do not qualify as related party transactions and that the promoter or promoter group has no interest in the awarding entity, ensuring compliance with regulatory norms. The twin orders are intended to support NMDC’s workforce at its mining operations and further diversify RVNL’s infrastructure portfolio beyond rail projects. The awards are expected to bolster non?rail revenue streams and to enhance visibility for the company’s diversified construction order book.

With a 34?month execution timeline, the projects are expected to provide steady revenue visibility and to contribute positively to RVNL’s order book over the next three years. Rail Vikas Nigam Limited is a Government of India enterprise under the Ministry of Railways engaged in rail infrastructure development and allied construction services, while National Mineral Development Corporation is India’s largest iron ore producer and a leading public sector mining company. The latest awards add to a pipeline of infrastructure projects that RVNL is executing nationwide.

Rail Vikas Nigam Limited has secured two contracts from National Mineral Development Corporation for the construction of residential towers at Bacheli in Chhattisgarh, with a combined order value of Rs 13.332 billion (bn), equivalent to Rs 13,332 million (mn). The contracts were awarded by a domestic entity and fall within the company’s normal course of business. The scope covers design and construction of multiple residential blocks to house the NMDC workforce associated with nearby mining operations. The first contract, covering Iron Ore Deposit-5, carries a value of Rs 7,968 million and the second, for Iron Ore Deposit-10/11A, is valued at Rs 5,364 million; both contracts have execution periods of 34 months. The figures reflect conversions from the original crore denominations and have been disclosed as part of routine regulatory filings. Both contracts share identical 34?month execution windows and are scheduled to proceed under RVNL’s standard project management framework. RVNL clarified that the contracts do not qualify as related party transactions and that the promoter or promoter group has no interest in the awarding entity, ensuring compliance with regulatory norms. The twin orders are intended to support NMDC’s workforce at its mining operations and further diversify RVNL’s infrastructure portfolio beyond rail projects. The awards are expected to bolster non?rail revenue streams and to enhance visibility for the company’s diversified construction order book. With a 34?month execution timeline, the projects are expected to provide steady revenue visibility and to contribute positively to RVNL’s order book over the next three years. Rail Vikas Nigam Limited is a Government of India enterprise under the Ministry of Railways engaged in rail infrastructure development and allied construction services, while National Mineral Development Corporation is India’s largest iron ore producer and a leading public sector mining company. The latest awards add to a pipeline of infrastructure projects that RVNL is executing nationwide.

Building Material

02 Mar 2026

Walplast’s GypEx Range Secures GreenPro Certification

Walplast Products has received GreenPro Ecolabel certification from the CII-Green Products and Services Council for six products under its HomeSure GypEx gypsum plaster portfolio. The certification, valid until December 2027, recognises the products as Green Products in line with established sustainability standards.The certified products include HomeSure GypEx Machine Spray Plaster, HomeSure GypEx Silver Plus Plaster, HomeSure GypEx Silver Plaster, HomeSure GypEx Platinum Plaster, Nova 125 Premium Gypsum Plaster and HomeSure GypEx Kwik Set (Jointing Compound). All are manufactured at the comp..

Real Estate

02 Mar 2026

Southco Launches N5 Lift-and-Turn Latch

Southco has introduced the N5 Lift-and-Turn Compression Latch, featuring a folding T-handle and integrated sealing performance within a compact hardware design.The N5 latch is engineered for ergonomic operation in demanding environments. Its folding T-handle allows for easy grip and actuation, including with gloved hands, and folds into the housing when not in use to maintain a low-profile appearance and reduce catch points. The overall design minimises panel footprint and enclosure intrusion, enabling efficient use of internal and surface space.Despite its compact configuration, the latch is ..

Building Material

02 Mar 2026

Adani Cement, NAREDCO Form Strategic Alliance

Adani Cement has entered into a strategic partnership with the National Real Estate Development Council (NAREDCO) to support India’s expanding housing and infrastructure requirements aligned with the vision of Viksit Bharat 2047.The collaboration brings together Adani Cement’s building materials portfolio, research capabilities and technical expertise with NAREDCO’s network of over 15,000 member organisations. The partnership will focus on skill development, knowledge exchange, technology adoption and sustainable construction practices across the real estate ecosystem.Joint initiatives w..