Introduction:
Leading cable company has secured a ₹3,003 crore contract from BSNL for BharatNet’s middle-mile network in Bihar. The project includes design, construction, upgradation, and long-term maintenance, strengthening rural broadband connectivity and supporting India’s digital transformation initiatives.
Share price movement of Polycab India:
On March 13, 2025, Polycab India Ltd opened at ₹5,080.05, up 1.39% from its previous close of ₹5,010.60. The stock reached a high of ₹5,105.75 and a low of ₹5,011.05. By 10:09 AM, it traded at ₹5,037.00, a 0.53% increase, with a market cap of ₹75,768.77 crore.
Polycab Secures ₹3,003 Cr BharatNet Project from BSNL in Bihar:
Polycab India Ltd has signed an agreement with BSNL as the Project Implementation Agency for BharatNet’s middle-mile network in Bihar. The ₹3,002.99 crore contract includes design, supply, construction, installation, upgradation, and long-term maintenance of the network infrastructure.
The project involves ₹1,549.66 crore in capital expenditure and ₹1,453.32 crore in operational expenses over ten years. Polycab will execute the construction phase in three years, followed by maintenance at 5.5% of capex for the first five years and 6.5% thereafter.
This agreement reinforces Polycab’s role in India’s telecom infrastructure development. The BharatNet initiative aims to enhance broadband connectivity across rural regions, positioning Polycab as a key contributor to the country’s digital transformation and network expansion efforts.
Recent news on Polycab India:
As of January 29, 2025, Polycab India Ltd reported a 10.8% rise in consolidated net profit to ₹457.56 crore for Q3 FY25, driven by higher sales. Revenue grew 20.41% to ₹5,226.06 crore, while total expenses increased 19.90% to ₹4,634.5 crore.
Stock performance of Polycab India for Period of 1 week, 6 months, and 1 year:
Polycab India Ltd’s stock declined by 1.34% over the past week. Over six months, it recorded a significant drop of 25.8%. However, on a yearly basis, the stock maintained a positive return of 4.81%, reflecting long-term stability.
Shareholding pattern of Polycab India:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 63% | 63% | 65% |
| FII | 12.80% | 13.50% | 13.60% |
| DII | 10.70% | 9.40% | 6.90% |
| Public | 13.50% | 14.10% | 14.40% |
About Polycab India:
Polycab India Ltd (NSE: POLYCAB) is a leading manufacturer of cables, wires, and allied products, including uPVC conduits. It also offers consumer electrical products like fans, switches, LED lights, solar inverters, and pumps, catering to diverse industrial and residential needs.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
