Polycab India announced that it has entered into an agreement with Bharat Sanchar Nigam Limited (BSNL) for a project valued at approximately Rs 6,447.54 crore.
In a filing made after market hours on June 17, Polycab India stated that the order involves the design, supply, construction, installation, upgrading, operation, and maintenance of the middle mile network for Bharat Net in the Karnataka, Goa, and Puducherry Telecom Circle.
The total project cost of Rs 6,448 crore includes capital expenditure (capex) of Rs 3,742 crore, operational expenditure (opex) for the newly constructed network of Rs 2,245 crore, and opex for the existing network amounting to Rs 460.5 crore.
The construction work outlined in the contract is expected to be completed within three years. Additionally, the contract provides for maintenance over a period of 10 years, with a rate of 5.5 percent per annum of capex for the first five years, and 6.5 percent per annum of capex for the subsequent five years.
BSNL indicated that the project will be funded by the Department of Telecommunications (DoT) and aims to deliver high-speed broadband connectivity to all inhabited Gram Panchayats (GPs) and villages. “Major milestone for moving forward to achieve vision of Hon’ble PM to provide broadband in rural areas and to bridge the digital divide,” the company stated in a post on X.
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