STOCKWATCH

Rail Vikas Nigam Ltd Receives LOA from BSNL for Middle Mile Network Development

Rail Vikas Nigam Ltd (RVNL) has received a Letter of Acceptance (LOA) from Bharat Sanchar Nigam Limited (BSNL) for the development, creation, upgradation, and operation & maintenance of the middle mile network of Bharat Net on a Design Build Operate and Maintain (DBOM) Model. The project is worth Rs. 9613,42,72,849.37 and the construction period is three years, followed by a 10-year maintenance contract. RVNL is the lead member in the consortium, with HFCL and ATS as other members.

• RVNL received an LOA from BSNL for the development of the middle mile network of Bharat Net on a DBOM Model.
• The project is worth Rs. 9613,42,72,849.37 and the construction period is three years.
• RVNL is the lead member in the consortium, with HFCL and ATS as other members.
• The maintenance contract is for 10 years, with the first 5 years at 5.5% per annum of capex and the next 5 years at 6.5% per annum of capex.
• The project is in the normal course of business for RVNL.