Rail Vikas Nigam has received Letters of Acceptance (LoA) aggregating to Rs 656.21 crore (including all taxes) from National Mineral Development Corporation (NMDC). The company has secured first LoA worth Rs 371.69 crore for the development of township in Kirandul, Chhattisgarh. The project is to be executed within 21 months. The company has secured another LoA worth Rs 284.52 crore for construction of residential tower in Kirandul, Chhattisgarh. The project is to be executed within 16 months.
Rail Vikas Nigam (RVNL) functions as an extended arm of the Ministry of Railways. The company is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
