RVNL shares surge over 9% after securing Rs. 9,613 crore BharatNet project

Shares of Rail Vikas Nigam Limited (RVNL) witnessed a sharp rise of over 9% in today’s trading session, reaching ₹405.85. The surge follows the announcement of RVNL securing a significant BharatNet project from Bharat Sanchar Nigam Limited (BSNL).

Key Highlights of the BharatNet Project:

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  • Project Scope: Development, upgradation, and maintenance of the middle-mile network under the Design, Build, Operate, and Maintain (DBOM) model.
  • Project Value: Estimated at Rs. 9,613.43 crore.
  • Execution Timeline: Includes a 3-year construction phase followed by a 10-year maintenance period.
  • Collaboration: RVNL will lead the project in partnership with HFCL and ATS.

Strategic Importance:

The BharatNet initiative aims to enhance digital connectivity in rural and underserved regions of India, aligning with the government’s Digital India mission. This project positions RVNL as a key contributor to the nation’s infrastructure and connectivity goals.

The stock’s upward momentum reflects investor optimism about RVNL’s ability to execute large-scale infrastructure projects and its strategic role in advancing India’s digital infrastructure. The Rs. 9,613 crore project is seen as a significant boost to RVNL’s growth trajectory and market positioning.

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