Rail Vikas Nigam Limited — Important, 15-01-2025: Updates

A Letter of Acceptance has been secured from Bharat Sanchar Nigam Limited (BSNL) for the development, upgradation, operation, and maintenance of the middle-mile network under the Bharat Net project. This initiative will be executed on a Design Build Operate and Maintain (DBOM) model, aligning with RVNL's regular business activities.

The project is valued at approximately ₹3,622.14 Cr, which includes operational and maintenance costs over a 10-year period. The duration for construction is set for three years, with varying maintenance costs for the first and second five-year phases. RVNL will lead this consortium, which includes HFCL and ATS. This order reinforces RVNL's position in telecom infrastructure development, providing a positive outlook for future revenue and operational growth. Shareholders should watch closely for further developments related to this project.