Polycab India Limited witnessed a significant rise in its share price, jumping nearly 4% following the announcement that it has been declared the lowest bidder (L1) for a major project by Bharat Sanchar Nigam Limited (BSNL). This project, named the “Development, Upgradation, Operation & Maintenance of the Middle Mile Network of Bharat Net,” aims to enhance connectivity across Karnataka, Goa, and Puducherry.
The prestigious project is structured under the Design Build Operate and Maintain (DBOM) model, emphasizing a comprehensive approach to infrastructure improvement. Polycab’s responsibilities include three years of network construction, followed by a ten-year maintenance period. The maintenance phase will be remunerated at a tiered rate, with Polycab receiving 5.5% of the capital expenditure annually for the first five years and 6.5% for the following five years. The total contract value for this expansive project is estimated to be around ₹4,099 crore.
This milestone marks an important step for Polycab India as it strengthens its footprint in the infrastructure and telecommunications sectors. The project underscores Polycab’s commitment to supporting India’s digital transformation and advancing connectivity across key regions.
As of 9:16 am, Polycab shares were trading 2.86% higher at ₹6,822.05 on the NSE, reflecting investor optimism about the company’s growing involvement in large-scale infrastructure projects. This project is expected to further solidify Polycab’s position as a key player in India’s digital and infrastructure landscape.
