Polycab India won its second order worth INR 1,549 crore, bringing the total value of its Bharat Net Projects orders from BSNL to INR 5,650 crore.
Nov 08, 2024
Polycab India bagged Bharat Net Projects orders worth INR 5,650 crore floated by BSNL. The company declared itself as the lowest bidder for the major orders from Bharat Sanchar Nigam Ltd. (BSNL), marking its second order in two consecutive days.
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The company bagged the first order worth INR 4,099 crore for the designing, developing, upgrading, and maintaining of the Middle Mile Network for Bharat Net’s Package 7 in Karnataka, Goa, and Puducherry under a Design, Build, Operate, and Maintain (DBOM) model. The second order worth INR 1,549 crore covers similar services for the Middle Mile Network in Bihar. The contract is expected to be completed in 3 years, with a maintenance contract set for 10 years. The contract also includes compensation at 5.5 percent of capital expenditure per year for the first five years and 6.5 percent per year for the remaining five.
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The company’s consolidated net profit rose 3.35 percent to INR 439.81 crore on a 30.37 percent increase in sales to INR 5,498.42 crore in Q2 FY25 over Q2 FY24.
