Mumbai, Feb. 26 -- The first contract pertains to the construction of a residential tower in Kirandul at a cost of Rs 284.52 crore. The project is to be executed within 16 months.

The second order involves the development of a township in Kirandul, Chhattisgarh. The project cost stands at Rs 371.69 crore and is scheduled to be completed within 21 months.

Both contracts have been awarded by NMDC, a domestic entity, under general contract conditions. The nature of the contracts includes residential and township infrastructure development.

RVNL clarified that neither the promoter nor promoter group companies have any interest in NMDC. The company further stated that the contracts do not fall under related party transactions.

Rail Vikas N...