RVNL secures Rs 644.84 crore construction contract from NMDC

New Delhi: Rail Vikas Nigam Limited (RVNL) on Thursday said that it has received a Letter of Award (LoA) from National Mineral Development Corporation Limited (NMDC) for the construction of residential towers and a shopping complex in Bacheli, Chhattisgarh.

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The contract, valued at Rs 644.84 crore (inclusive of all taxes), involves the development of integrated residential and commercial infrastructure and is scheduled to be executed over a period of 34 months, the company said in a regulatory filing with stock exchanges on Wednesday.

The project has been awarded by a domestic entity and falls within RVNL’s normal course of business.

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