RVNL shares in focus after securing Rs 3,622 crore contract from BSNL for BharatNet Middle Mile Network Development
RVNL shares Rail Vikas Nigam Ltd (RVNL) has received a Letter of Acceptance from BSNL for developing, upgrading, and maintaining BharatNet's middle-mile network under a Design-Build-Operate-Maintain model. The Rs 3,622.14 crore contract includes a 10-year maintenance phase. RVNL reported a 27% YoY drop in Q2 FY25 profit, while its stock has declined 41% in the last six months.
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