Polycab India Ltd.POLYCAB₹6,026.00 -0.26%

A prominent Fast Moving Electrical Goods Company (FEMG), Polycab India Ltd., has secured a ₹6,447.54 crore order from Bharat Sanchar Nigam Limited (BSNL) to develop and maintain the middle-mile network infrastructure for BharatNet across Karnataka, Goa, and Puducherry.

The contract covers design, supply, construction, installation, upgradation, and a long-term maintenance component. The project will be executed over three years, with Polycab also responsible for operating and maintaining the network for ten years. Maintenance fees are fixed at 5.5% of capex annually for the first five years, and 6.5% for the next five.

The total project size includes ₹3,741.92 crore in capex, ₹2,245.15 crore for maintaining the newly built network, and ₹460.47 crore for existing network operations. 

This win strengthens Polycab’s presence in large-scale digital infrastructure, marking a significant step beyond its traditional cables and wires business.

CG Power has given multibagger returns of more than 180% and 680% over the last three and five years, respectively.

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Note: The stock price mentioned is as of 11:20 AM.

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CIN: U65990KA2021PTC146954.