Rail Vikas Nigam in consortium with HFCL and ATS, has received Letter of Acceptance (LoA) worth Rs 9,613.42 crore from Bharat Sanchar Nigam (BSNL) for ‘Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM) Model.’
The aforesaid work is in the normal course of business of the company. The order involves 03 years for construction & 10 years of maintenance contract at 5.5% per annum of capex for 1st 5 years & at 6.5% per annum of capex for next 5 years.
Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
