RVNL wins ₹1,978 crore project orders from NMDC; share price rises 1%

The stock rose as much as 1% to ₹321 apiece on the National Stock Exchange (NSE). It settled 0.13% higher at ₹318 per unit.

The company had hit its 52-week high of ₹447.80 apiece on May 20, 2025, while a year's low of ₹301.20 per unit was recorded on December 9, 2025.

In a regulatory filing, RVNL said that it has received a Letter of Award (LoA) from iron ore producer NMDC for "construction of residential towers at iron ore Deposit-5 at Bacheli, Chhattisgarh". The order is worth ₹796.80 crore.

The second order, valued at ₹536.40 crore, is for the construction of residential towers at Iron Ore Deposit-10/11A. Similarly, the third order is also for the construction of residential towers and a shopping complex at the cost of ₹644.84 crore.

All three orders will be executed in 34 months. RVNL said that the promoter has no interest in the entity that awarded the contract.

On Wednesday, the company had inked two orders totalling ₹656.21 crore with NMDC for the construction of a residential tower and township.

In the December quarter, RVNL had reported a 4% decline in its consolidated profit after tax to ₹324.14 crore. The company had posted a post-tax profit of ₹311.58 crore in the corresponding period of the previous fiscal year.

The company's revenue from operations advanced 2.56% to ₹4,684.46 crore in Q3 FY26, compared to ₹4,567.38 crore a year back.

An interim dividend of ₹1 per share for FY26 was also announced with February 11 as the record date. The dividend declared shall be paid on or before March 6, the firm said.