Rail Vikas Nigam Limited, a Navratna PSU in India under the administrative control of the Ministry of Railways, today, in its exchange filing, said that,

The Company has secured a Letter of Acceptance (LOA) from National Mineral Development Corporation Limited, a domestic entity. Source – BSE.

Oder Details

As the company said, the new order is for the Refurbishment of Permanent Way of National Mineral Development Corporation (NMDC) Sidings & Mobile Equipment Tracks at Kirandul & Bacheli, Chhattisgarh, India.

The contract includes maintenance of the tracks.

The aforementioned work is in the normal course of business of the Company, a company official added.

Rail Vikas Nigam Limited Secured An Order From NMDC

Size of the Order

The total estimated value of the new order is INR 95,27,00,000/- (Rupees Ninety Five Crores Twenty-seven Lakhs Only), including 18% GST.

Duration

The order is to be executed over a period of 36 months from the date of the Purchase Order, a company spokesperson said.

Exchange Compliance

The Company has disclosed these details under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to rvnl new order for further details.

The company’s market capitalization is ₹55,600 Cr.

The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day Simple Moving Average.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Rail Vikas Nigam Limited Secured An Order From NMDC appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

RVNL, a company incorporated in 2003 to meet the country’s surging infrastructural requirements, on Thursday, 26 February 2026, said that,

The Company has received a letter of acceptance (LOA) from National Mineral Development Corporation (NMDC). Source – BSE

The management of RVNL said that the company has received two different LOAs from NMDC, a domestic entity, amounting to ₹657 Crore.

Order Details

The first order is for the construction of a Residential Tower in Kirandul, Chhattisgarh, India (under the General Contract Conditions).

The project cost is ₹285 Crore (Rupees Two Hundred Eighty-Five Crore only), including all taxes.

The project is to be executed over a period of 16 months.

The second order is for the Development of the Township in Kirandul, Chhattisgarh, India (in the normal course of business of the Company).

The project cost is ₹372 Crore (Rupees Three Hundred Seventy-Two Crore only), inclusive of all taxes.

The order is to be executed over a period of 21 months from the date of the Purchase Order.

Previous Order Details

On 18 February 2026, RVNL received a Letter of Acceptance from Northern Railway (a domestic entity) for the Design and Construction of New Rail Cum Road Bridge No. 11 over the River Ganga, amounting to ₹1201 Crore.

Check order details here – https://www.finblab.com/rail-vikas-nigam-limited-ipo-review/

Refer to Rail Vikas Nigam Limited News for detailed information.

The company’s market capitalization is ₹66,200 Cr.

The stock is currently trading below its short-term and long-term moving averages.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Rail Vikas Nigam Limited Received LOA from NMDC appeared first on Upcoming ipos: Latest news on stocks, economy & finance.