RVNL to construct residential tower for NMDC in Chhattisgarh

By Global Infrastructure Sherpa · Feb 25, 2026

Development Other announced Kirandul, India Feb 25, 2026

INR284.5M

Deal Value

construction

Stage

Residential Tower

Project

Rail Vikas Nigam Limited (RVNL) has secured an order worth ₹284.52 crore from National Mineral Development Corporation (NMDC) for the construction of a Residential Tower in Kirandul, Chhattisgarh.

Deal Analysis

Rail Vikas Nigam Limited (RVNL) has secured a ₹284.52 crore order from National Mineral Development Corporation (NMDC) to construct a residential tower in Kirandul, Chhattisgarh. This development project signifies NMDC's commitment to providing residential infrastructure for its employees in the region where it operates its iron ore mines. The deal underscores RVNL's capabilities in securing construction projects beyond its core railway infrastructure focus, diversifying its revenue streams and demonstrating its competence in civil construction. The project's location in Kirandul, Chhattisgarh, highlights the importance of supporting infrastructure development in regions crucial to India's mineral extraction industry.

Deal value of ₹284.52 crore.
Involves two major Indian public sector undertakings: NMDC and RVNL.
RVNL is expanding its portfolio beyond railway infrastructure.
Project supports infrastructure development in a key mining region.

Market Context: The deal falls within the broader context of infrastructure development supporting India's mining sector. Chhattisgarh is a significant mineral-rich state, and investments in residential and other infrastructure are crucial for supporting the workforce and operations of companies like NMDC.

Source Intelligence

KEY DETAILS

Execution Timeline: 16 Months

“

Deal Size

RVNL Bags ₹284.52 Crore NMDC Order for Chhattisgarh Project

“

Location

for the construction of a Residential Tower in Kirandul, Chhattisgarh

“

Announcement

New Delhi, February 25, 2026

PARTIES MENTIONED IN SOURCE

Rail Vikas Nigam Limited developer

"Rail Vikas Nigam Limited (RVNL) has secured a major infrastructure order worth ₹284.52 crore from National Mineral Development Corporation (NMDC) for the construction of a Residential Tower in Kirandul, Chhattisgarh"

National Mineral Development Corporation buyer

high quality Enriched Feb 26, 2026