Polycab India Ltd inks agreement with BSNL for order worth Rs. 3002.99 crores

Polycab India Limited ('the Company') has executed an agreement with BSNL as the Project Implementation Agency ("PIA") for Design, Supply, Construction, installation, upgradation, operation and maintenance of middle mile network of Bharat Net in the Bihar Telecom Circle against Package No. 7 amounting ₹3002.99 crores (inclusive of GST) [Capex of ₹1549.66 crores, Opex for newly constructed network of ₹929.79 crores and Opex for Existing Network of ₹523.53crores].

Shares of Polycab India Limited was last trading in BSE at Rs. 5003.70 as compared to the previous close of Rs. 5010.60. The total number of shares traded during the day was 28302 in over 4818 trades.

The stock hit an intraday high of Rs. 5105.75 and intraday low of 4957.00. The net turnover during the day was Rs. 142269097.00.

Source : Equity Bulls

Keywords

PolycabIndia INE455K01017 OrderWin BSNL Agreement BharatNet BiharTelecomCircle Package7