Deals16 Jan 2025, 12:39 am
Rail Vikas Nigam Ltd Secures Rs. 36,221 Crore Contract from BSNL for Bharat Net Middle Mile Network Development
AI Summary
Rail Vikas Nigam Ltd (RVNL) has received a Letter of Acceptance from Bharat Sanchar Nigam Limited (BSNL) for the development, upgradation, and operation & maintenance of the Middle mile network of Bharat Net on a Design Build Operate and Maintain (DBOM) Model. The contract is worth Rs. 36,221 crore, including operation & maintenance costs for 10 years. RVNL leads the consortium, with HFCL and ATS as members. The contract period for construction is three years, followed by 10 years of maintenance. The contract is a domestic one and does not involve any related party transactions.
Key Highlights
- RVNL secures a Rs. 36,221 crore contract from BSNL for Bharat Net middle mile network development.
- The contract involves the development, upgradation, and operation & maintenance of the network on a DBOM model.
- The contract period for construction is three years, followed by 10 years of maintenance.
- RVNL leads the consortium, with HFCL and ATS as members.
- The contract is a domestic one and does not involve any related party transactions.