RVNL Bags Three NMDC Orders Worth Approximately ₹2,000 Crores
- By Kotak News Desk
- 27 Feb 2026 at 11:20 AM IST
- Market News
- 4 minutes read
RVNL has secured three NMDC contracts worth nearly ₹2,000 crore for projects in Chhattisgarh. The company reported a 3.65% rise in Q3 FY26 profit, with revenue growing 2.56% year-on-year.
Rail Vikas Nigam Limited (RVNL) has landed three fresh contracts from National Mineral Development Corporation (NMDC) for different projects in Chhattisgarh. Together, the contracts are valued at close to ₹2,000 crores. The assignments relate to building residential infrastructure for personnel associated with NMDC’s mining operations in the region.
Project Details And Timelines
The company has secured three new construction contracts in Bacheli in the state of Chhattisgarh. All three projects carry a uniform execution timeline of 34 months.
Contract Details
1 | Residential towers and shopping complexes | 644.8 | 34 months |
2 | Residential towers at Iron Ore Deposit-10/11A | 536.4 | 34 months |
3 | Residential towers at Iron Ore Deposit-5 | 796.8 | 34 months |
With these additions, RVNL’s order book receives a meaningful boost, particularly in the mining-linked infrastructure segment.
Regulatory Clarification And Market Reaction
In its filing, RVNL has clarified that these contracts fall within its regular course of business. The company also stated that the orders do not involve any related-party transactions. It added that neither its promoters nor promoter group entities have any interest in the awarding authority.
On the stock market, RVNL shares ended Thursday’s session slightly higher. The stock closed at ₹318.3 per share on the National Stock Exchange (NSE), up 0.13%.
Also Read - NSE Begins Banker Selection Process For Proposed ₹22,700 Crore IPO
Key Takeaways For Investors
Although RVNL is widely recognised for railway projects, its portfolio now goes much beyond laying tracks. The company handles a variety of assignments, such as new railway lines, track doubling, gauge conversion, electrification works, metro rail projects, workshops, large bridges, including cable-stayed bridges, and institutional buildings.
The latest NMDC contracts show how the company is gradually widening its footprint into infrastructure linked to mining and allied sectors. With all three projects scheduled to run for about 34 months, they are expected to contribute to revenues over the next few years and keep execution activity steady.
For the quarter ended 31 December 2025, the company posted a consolidated net profit of ₹322.83 crore, a growth of 3.65% year-on-year. Revenue from operations also moved up a little bit. It stood at ₹4,684.46 crore, marking a 2.56% increase compared to Q3 FY25.
The positive quarterly numbers and the company bagging fresh contracts together paint a positive picture for investors.
Sources:
NDTV Profit
Business Standard
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