RVNL bags Rs 39.21 crore order from NMDC for executive residential campus in Hyderabad 
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RVNL bags Rs 39.21 crore order from NMDC for executive residential campus in Hyderabad

RVNL on Tuesday said that it has secured an LoA from NMDC for the construction of a residential campus for senior and board-level executives in Hyderabad

PSU Watch Bureau

New Delhi: Rail Vikas Nigam Limited (RVNL) on Tuesday said that it has secured a Letter of Acceptance (LoA) from NMDC Limited for the construction of a residential campus for senior and board-level executives in Hyderabad.

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Also read:RVNL secures Rs 242.49 crore railway electrification contract from South Central Railway

According to RVNL's regulatory filings to stock exchnages, the project involves the development of a residential complex at Banjara Hills (Phase-II), a prime locality in the city. The contract has been awarded in the normal course of business and is to be executed within a period of 15 months.

The total value of the order stands at approximately Rs 39.21 crore, inclusive of Goods and Services Tax (GST) at 18 percent.

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