Electrical goods company Polycab India Limited on Tuesday (June 16) said it has executed a contract worth ₹6,447.54 crore with Bharat Sanchar Nigam Limited (BSNL) to act as the project implementation agency (PIA) for the BharatNet project in Karnataka, Goa, and Puducherry.
The agreement, part of package 4 of the Amended BharatNet Programme, covers design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network infrastructure.
“…please be informed that Polycab India Limited has executed an agreement with BSNL as the Project Implementation Agency (PIA) for Design, Supply, Construction, installation, upgradation, operation and maintenance of middle mile network of Bharat Net in Karnataka, Goa and Puducherry Telecom Circle against Package No. 4 amounting ₹6,447.54 crores (inclusive of GST) [Capex of ₹3,741.92 crores, Opex for newly constructed network of ₹2,245.15 crores and Opex for Existing Network of ₹460.47 crores],” according to a stock exchange filing.
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The total contract value includes a capital expenditure (capex) component of ₹3,741.92 crore, operational expenditure (opex) for the newly-constructed network of ₹2,245.15 crore, and opex for the existing network of ₹460.47 crore, all inclusive of GST.
The execution timeline spans a three-year construction phase, followed by a 10-year maintenance period. The maintenance will be billed at 5.5% per annum of capex for the first five years and 6.5% per annum for the next five years.
Shares of Polycab India Ltd ended at ₹6,033.35, down by ₹70.65, or 1.16%, on the BSE.
Also Read: Polycab India shares gain after signing BSNL deal for BharatNet project worth ₹3,000 crore
(Edited by : Shoma Bhattacharjee)
First Published: Jun 17, 2025 5:53 PM IST
