Rail Vikas Nigam Stock Zoom 12% After Securing 9613 Crore Deal From BSNL
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Rail Vikas Nigam Share Shows Tremendous Growth today after the BSNL Deal News came out. Rail Vikas Nigam Stock traded at 413 Rs today with an 11% Upside after securing an order worth Rs 9,613.42 crore from Bharat Sanchar Nigam Limited (BSNL).
A Letter of Acceptance has been received from Bharat Sanchar Nigam Limited (BSNL) for the “Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM) Model.”
Three Years for construction & 10 years of Maintenance Contract @ 5.5% per annum of capex for 1st 5 years & @ 6.5% per annum of capex for the next 5 years.