RVNL Bags NMDC Order for Chhattisgarh Project

02 Mar 2026 CW Team

Rail Vikas Nigam Limited (RVNL) has secured an order from National Mineral Development Corporation (NMDC) valued at Rs 2,845.2 million (Rs 2.8452 billion). The contract relates to a project in Chhattisgarh and was awarded by NMDC to RVNL. The order value reflects the conversion from the originally reported figure in crore. The awarded sum, reported after conversion from crore to mn, will be recorded in the company accounts in accordance with applicable accounting and statutory disclosure norms.\n\nThe contract is expected to strengthen RVNL's order book and provide visibility on medium term activity for the company. RVNL will incorporate the contract into its ongoing project portfolio and allocate resources to commence work as per the agreed schedule. The award may enhance pipeline prospects for the company in the infrastructure sector. Project execution timing and cash flow implications will depend on the detailed project schedule and milestones agreed between the parties.\n\nThe transaction highlights continued investment in mineral sector infrastructure by NMDC and engaged agencies in Chhattisgarh. Industry observers noted that such orders support local connectivity and logistics though specific scope details were not disclosed. The award forms part of broader efforts to enhance project delivery across the region. Local employment and subcontracting opportunities are likely to be generated during mobilisation and construction phases subject to the final scope and tender conditions.\n\nRVNL is a central public sector undertaking and the deal aligns with its mandate to develop transport infrastructure across India. The company is likely to report the contract in its next financial disclosures and update stakeholders on mobilisation plans. Further commercial and operational details were not provided at the time of reporting. Stakeholders will monitor implementation progress and any subsequent announcements from the company or NMDC will clarify timelines, execution responsibilities and regulatory approvals where applicable.

Equipment

21 Apr 2026

India CE Industry Ends FY26 on a Steady Recovery Path

India’s construction equipment industry closed FY26 on a stable note, reflecting measured resilience and gradually improving momentum. Total sales in Q4 FY26 rose 4 per cent year on year to 42,906 units, extending the recovery seen over the past two years.Domestic demand for the full year remained under pressure, declining 7 per cent, but exports provided strong support. Overall exports grew 31 per cent, while non-OEM exports increased 13 per cent, highlighting sustained demand from overseas markets.March 2026 further underlined the recovery, with sales rising 6 per cent year on year and 13 ..

Leaders Question FIR Against Anil Agarwal

Several industry and public figures have questioned the FIR filed against Anil Agarwal following the boiler accident in Chhattisgarh, while also expressing condolences over the loss of lives and calling for a thorough investigation.Naveen Jindal said the tragedy was deeply painful and stressed that compensation, livelihood support for affected families and a fair probe were essential. He also questioned naming Agarwal in the FIR before completion of the investigation.Kiran Bedi urged restraint, saying investigations should focus on learning lessons and strengthening systems rather than prematu..

Tier 2, 3 Cities Drive 66% of New D2C Orders

Tier 2 and Tier 3 cities accounted for 66 per cent of new direct-to-consumer (D2C) orders in FY 2026, according to a new analysis by Unicommerce.The report said buyers from smaller cities also contributed 60 per cent of incremental gross merchandise value (GMV) in FY 2026 compared with FY 2025, highlighting rising demand beyond metro markets.Overall, India’s D2C segment recorded strong growth, with order volumes rising 33 per cent and GMV increasing 32 per cent year-on-year. The findings are based on more than 400 million order items processed through brand websites on Unicommerce’s Uniwar..