1:2 bonus share & Rs 81000 crore order book: PSU civil construction company signs MoU worth Rs 1600 crore with Mahanagar Telephone Nigam Limited (MTNL)

A major public sector undertaking (PSU) in civil construction has signed a Memorandum of Understanding (MOU) worth Rs 1,600 crore with Mahanagar Telephone Nigam Limited (MTNL). This MOU is part of a larger strategic move to bolster infrastructure development and expand service capabilities. The PSU, which has an impressive order book of Rs 81,000 crore, aims to leverage this partnership to enhance its project portfolio and execution capabilities. The collaboration with MTNL is expected to facilitate significant advancements in telecommunications infrastructure, contributing to the modernization of communication networks. This deal highlights the growing synergy between public sector enterprises and telecom providers in driving large-scale infrastructure projects and supporting national development goals.