Polycab India Limited has entered into a significant agreement with Bharat Sanchar Nigam Limited (BSNL) as a Project Implementation Agency (PIA) under the Amended BharatNet Programme. The contract, valued at ₹3,002.99 crore, involves the design, supply, construction, upgradation, operation, and maintenance of BharatNet’s middle-mile network in Bihar Telecom Circle.
The total project cost includes:
With this deal, Polycab is set to play a pivotal role in enhancing BharatNet’s infrastructure, aimed at strengthening rural broadband connectivity across Bihar.
The BharatNet initiative is the Indian government’s ambitious plan to improve digital connectivity in rural areas. The project seeks to expand broadband infrastructure, ensuring seamless internet access for villages across India.
By partnering with BSNL for this initiative, Polycab strengthens its presence in India’s digital infrastructure sector, leveraging its expertise in networking and telecommunications.
The agreement outlines:
This long-term project highlights Polycab’s continued engagement in large-scale infrastructure development.
Following the announcement, Polycab’s share price witnessed positive movement.. Shares opened at a level of ₹5,100 and made an intraday high of ₹5,114 on NSE. Large infrastructure contracts like this often bolster revenue visibility and strengthen long-term business fundamentals.
However, it is important to note that while this contract enhances Polycab’s project portfolio, the company’s future stock performance will depend on execution efficiency and market conditions.
Polycab’s ₹3,002.99 crore BharatNet project in Bihar with BSNL marks a significant milestone in India’s digital infrastructure expansion. The deal underscores Polycab’s expertise in telecom networking and its growing presence in large-scale government projects. While investor interest has increased, market participants will closely monitor execution progress and financial impact over the coming years.
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Published on: Mar 13, 2025, 1:51 PM IST
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