RVNL Share Price in Focus; Bags ₹371.69 Crore Township Development Project in Chhattisgarh

Rail Vikas Nigam Limited (RVNL) has been awarded a contract by National Mineral Development Corporation (NMDC) for township development works in Kirandul, Chhattisgarh. The company disclosed the development through a regulatory filing dated 25 February 2026.  

The project has been awarded in the normal course of RVNL’s business and relates to infrastructure development outside its core railway project portfolio. 

Scope of the Project 

The contract involves the construction and development of a township at Kirandul, where NMDC operates mining facilities. The work will be executed under general contract conditions, as mentioned in the annexure attached to the disclosure.  

Township infrastructure projects of this nature generally include residential and civic facilities required to support workforce presence in operational areas. 

Contract Value and Execution Period 

The filing suggests that the total cost of the project is ₹371.69 crore, inclusive of all applicable taxes. RVNL has been given a timeline of 21 months to complete the assignment from the date of award. The contract has been awarded by a domestic entity and will be executed within India. 

Transaction Details 

As per the information provided in the filing, NMDC is the awarding authority for the project. RVNL stated that there is no promoter or group company interest involved in the awarding entity.  

The company also confirmed that the contract does not fall under related party transactions. 

Read More: RVNL Secures ₹270 Crore EPC Contract from Central Railway! 

Rail Vikas Nigam (RVNL) Share Price Performance  

As of February 26, 2026, 12:27 pm, Rail Vikas Nigam (RVNL) share price was trading at ₹318.25, a 0.20% increase from the previous closing price. 

Conclusion 

The Kirandul township development contract will be implemented over a defined execution period of 21 months under standard contractual terms. The contract has been awarded by NMDC in the normal course of business. 

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