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“A Letter of Acceptance has been received from Bharat Sanchar Nigam Limited (BSNL)for the Development (Creation, Upgradation and Operation & Maintenance) of the Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM) Model,” RVNL said in a regulatory filing.
Also Read: RVNL bags ₹137-crore contract from Central Railway for Bhusaval-Khandwa project
The project will follow a Design-Build-Operate-Maintain (DBOM) model and will be executed in partnership with consortium members HFCL and ATS, with RVNL serving as the lead member.
The total contract value stands at ₹3,622.14 crore, including operational expenses for a 10-year maintenance period. The project will involve a three-year construction phase followed by a maintenance period split into two five-year intervals.
During the maintenance phase, payments will be made at 5.5% of capital expenditure for the first five years and 6.5% for the next five years. This project forms part of RVNL’s regular business activities.
Also Read: RVNL wins second project in two days; Shares extend early gains
Shares of Rail Vikas Nigam Ltd ended at ₹371.90, down by ₹4.95, or 1.31% on the BSE.
