Shares of Rail Vikas Nigam Limited (RVNL) jumped 3% after the company emerged as the Lowest Bidder (L1) for Bharat Sanchar Nigam Limited’s (BSNL) major Rs 1,917 crore project.
Rail Vikas Nigam Limited (RVNL), together with its consortium partners HFCL Limited and Aerial Telecom Solutions Pvt. Ltd., has been named the Lowest Bidder (L1) by Bharat Sanchar Nigam Limited (BSNL) for a major project.
The project focuses on the “Development, Upgradation, and Operation & Maintenance” of BSNL’s Middle Mile Network under the Design, Build, Operate, and Maintain (DBOM) model.
As of 9:44 am, Rail Vikas Nigam shares were trading 2.26% higher at Rs 480.25 on the NSE.
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