Polycab India Limited has informed the Exchange regarding 'Polycab executes anAgreement with Bharat Sanchar Nigam Limited ( BSNL ) as Project Implementation Agency( PIA ) for amended BharatNet Program'.
POLYCAB · price
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Polycab India has signed a formal agreement with BSNL to act as Project Implementation Agency for the amended BharatNet program, covering the middle-mile network in Karnataka, Goa and Puducherry (Package 4). The total contract size is ₹6,447.54 crores including GST, split into ₹3,741.92 crores of capital expenditure, ₹2,245.15 crores for operating the newly built network, and ₹460.47 crores for maintaining the existing network. The scope covers design, supply, construction, installation, upgradation, operation and maintenance, with 3 years for construction and a 10-year maintenance contract. This is a follow-up to an earlier intimation dated November 6, 2024, and is a domestic government order with no related-party involvement.
This is a large multi-year order from a government PSU worth roughly a third of Polycab's annual revenue, which is a meaningful boost to its order book and provides long-term revenue visibility. The stock could see positive sentiment given the scale and the 10-year maintenance tail, though execution and working capital risks typical of large government projects remain.