Polycab India has signed a major contract worth ₹6,447.54 crore with Bharat Sanchar Nigam Limited (BSNL) to serve as the Project Implementation Agency (PIA) for the BharatNet initiative across the Karnataka, Goa, and Puducherry telecom circles. This agreement falls under Package 4 of the amended BharatNet programme and includes end-to-end responsibilities for design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network infrastructure.
Agreement signed between BSNL and Polycab India Limited for implementing Amended #BharatNet Project in Karnataka, Goa & Puducherry, funded by #DBN (DoT) to provide high speed broadband connectivity to all inhabited Gram Panchayats (GPs) and villages.
— BSNL India (@BSNLCorporate) June 17, 2025
Major milestone for moving… pic.twitter.com/8tLxk5an5l
As per Polycab’s filing with the stock exchanges, the project’s cost structure includes:
- ₹3,741.92 crore for capital expenditure (Capex)
- ₹2,245.15 crore for operational expenditure (Opex) on the newly built network
- ₹460.47 crore for Opex on the existing infrastructure
Huge News For Polycab 👌
— Anuj Prajapati (@anujprajapati11) June 17, 2025
Polycab received order worth 6447 Cr from BSNL 😳#Polycab #BSNL #stockmarketcrash #StockMarket #stockmarketsindia #StockMarketNews #Nifty50 #niftycrash #investment pic.twitter.com/C89nzbaI1i
The network rollout is scheduled for completion within three years, followed by a 10-year maintenance contract. Maintenance costs are set at 5.5% of Capex annually for the first five years, rising to 6.5% per annum for the remaining period.
Polycab confirmed that there is no involvement of its promoter group or affiliates in the awarding of this contract. Polycab India is the country’s largest manufacturer of wires and cables and a key player in the Fast-Moving Electrical Goods (FMEG) sector. The company is also engaged in engineering, procurement, and construction (EPC) projects, further reinforcing its role in India’s digital and power infrastructure expansion.
