Mumbai, April 29 -- The project involves the development of a residential complex for senior and board-level executives at Banjara Hills, Hyderabad (Phase II). RVNL stated that the contract is scheduled to be completed within 15 months.

The company also clarified that neither its promoters nor any group entities have any interest in NMDC, and the contract does not fall under related party transactions.

RVNL, a Government of India enterprise, is engaged in implementing rail infrastructure projects across the country. As on December 2025, the Government of India held a 72.84% stake in the company. On a consolidated basis, the company reported a 3.65% rise in net profit to Rs 322.83 crore in Q3 FY26, compared to Rs 311.44 crore recorded in...