CCC Ltd. shares jumped 5% after the company announced two major Advance Work Orders from Bharat Sanchar Nigam Limited (BSNL) for the development of BharatNet’s middle-mile network. These contracts, valued at ₹10,804.56 crore (excluding GST), mark a significant milestone in India’s telecom infrastructure sector.
The orders cover the Uttarakhand Telecom Circle and the Madhya Pradesh, Dadra & Nagar Haveli, and Daman & Diu Telecom Circles. The project scope includes design, supply, construction, installation, upgradation, operation, and maintenance of the broadband network. With a three-year construction timeline and a ten-year maintenance period, these projects will enhance broadband connectivity in rural areas.
The Uttarakhand contract is worth ₹2,647.12 crore, with ₹1,543.35 crore allocated for capital expenditure (capex) and ₹1,103.77 crore for operational expenditure (opex). The Madhya Pradesh, DNH & DD package is significantly larger, valued at ₹8,157.44 crore, comprising ₹4,189.05 crore in capex and ₹3,968.39 crore in opex.
As per NCC’s materiality policy, orders exceeding ₹1,000 crore are classified as major. This strategic win solidifies NCC’s position in India’s digital infrastructure landscape. BharatNet, a crucial initiative to expand broadband access in rural India, highlights NCC’s expertise in large-scale telecom projects.
NCC Ltd.’s shares opened at ₹216.60 today, reaching a high of ₹217.40 and a low of ₹212.10. The stock remains significantly below its 52-week high of ₹364.50 but above its 52-week low of ₹170.05.
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