Polycab Signs ₹64.48 Billion BharatNet Deal With BSNL

Polycab India Ltd. on Tuesday said it has signed an agreement with Bharat Sanchar Nigam Ltd. to design, supply, construct, install, upgrade, operate, and maintain the middle-mile network of BharatNet across Karnataka, Goa, and Puducherry under Package No. 4, with the total contract valued at ₹64.48 billion.

The deal includes ₹37.42 billion in capital expenditure, ₹22.45 billion in operational expenses for the new network, and ₹4.60 billion in operational expenses for maintaining the existing network.

Construction is expected to be completed within three years, followed by ten years of maintenance, the company said in an exchange filing.