RVNL (Rail Vikas Nigam Limited) witnessed a 5% jump in share prices after receiving a Letter of Acceptance (LoA) from Bharat Sanchar Nigam Limited (BSNL) for the development, upgradation, and maintenance of the Middle Mile Network for Bharat Net. The project, valued at ₹3,622.14 crore, strengthens RVNL’s infrastructure portfolio and aligns with India’s digital connectivity goals.
Key Highlights:
Awarding Entity:
BSNL, a government-owned telecom provider.
Scope of Work:
Executed under a Design, Build, Operate, and Maintain (DBOM) model, the project encompasses network creation, upgradation, and a 10-year maintenance commitment.
Execution Timeline:
- Construction Phase: 3 years
- Maintenance Phase: 10 years
RVNL shares opened at ₹391.85 today, reaching a high of ₹398.00 and a low of ₹387.20 during trading. The stock is significantly below its 52-week high of ₹647.00 but well above the 52-week low of ₹213.05.
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