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RVNL bags ₹95 crore contract from NMDC for track refurbishment in ChhattisgarhRail Vikas Nigam Ltd secures a ₹95.27 crore contract from NMDC Ltd for railway track refurbishment in Chhattisgarh. Shares of Rail Vikas Nigam Ltd ended lower on Monday, March 16, by 1.68% at ₹266.70 on the NSE.By Megha Rani  March 16, 2026, 4:59:11 PM IST (Published)1 Min Read

Rail Vikas Nigam Ltd (RVNL) on Monday, March 16, said it has received a letter of acceptance (LoA) from NMDC Ltd for a ₹95.27 crore contract to undertake the refurbishment of permanent railway tracks and related infrastructure in Chhattisgarh.

The contract involves the refurbishment of the permanent way of NMDC sidings and mobile equipment tracks, along with maintenance work at Kirandul and Bacheli. The project is to be executed over a period of 36 months, according to the exchange filing.

The contract has been awarded by a domestic entity, and the company clarified that its promoter or promoter group has no interest in the awarding entity, and the order does not fall under related-party transactions.

The latest contract adds to the company’s order inflows from NMDC. Last month, RVNL secured multiple contracts worth ₹1,978 crore from NMDC, strengthening its project pipeline.

Q3 Results

In its third-quarter results, RVNL reported revenue of ₹4,684 crore, up 2.6% year-on-year. However, EBITDA declined 8% to ₹220.8 crore, while the EBITDA margin narrowed to 4.7% from 5.2% in the year-ago period.

The company’s board also approved an interim dividend of ₹1 per share for shareholders.

Shares of Rail Vikas Nigam Ltd ended lower on Monday, March 16, by 1.68% at ₹266.70 on the NSE.

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