Latest news with #BharatNet
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Business Standard
3 days ago
- Business
- Business Standard
Here's why RailTel Corporation share is buzzing in trade today; details
The uptick in the RailTel Corporation share price came after the company announced that it has secured a Letter of Intent (LOI) worth ₹43.99 crore from Zoram Electronics Development Corporation Ltd. SI Reporter New Delhi Railtel Corp share price: State-owned RailTel Corporation of India (RailTel) shares advanced up to 3.89 per cent to hit an intraday high of ₹443.10 per share, on Wednesday, June 18, 2025. At 11:21 AM, RailTel Corp share price was trading 1.21 per cent higher at ₹431.65 per share. In comparison, BSE Sensex was trading 0.17 per cent lower at 81,441.28 levels. Why did RailTel share price rise in trade today? The uptick in the RailTel Corporation share price came after the company announced that it has secured a Letter of Intent (LOI) worth ₹43.99 crore from Zoram Electronics Development Corporation Ltd. (Zenics). In an exchange filing, RailTel Corporation said, 'This is to inform you that RailTel Corporation of India has received a Letter of Intent (LOI) from Zoram Electronics Development Corporation Ltd. (Zenics).' Under the terms of the order, RailTel will be responsible for the implementation of Mizo Fibre Grid Network (MFGN) project. The estimated size of order as per bid is ₹43.99 crore. RailTel Q4 results RailTel reported a 46.3 per cent year-on-year (Y-o-Y) rise in standalone net profit to ₹113.4 crore for the fourth quarter of FY25, up from ₹73.53 crore in the same quarter last year. Revenue from operations surged 57.1 per cent to ₹1,308.2 crore in the March quarter. Profit before tax (PBT) also saw strong growth, rising 48.3 per cent to ₹151.1 crore from ₹101.9 crore in Q4FY24. Total expenses increased 56.04 per cent annually to ₹1,189.43 crore during the quarter. For the full fiscal year FY25, RailTel's standalone net profit grew 21.7 per cent to ₹299.81 crore, while revenue from operations rose 35.4 per cent to ₹3,477.50 crore compared to the previous year. About RailTel RailTel Corporation of India, founded in 2000 as a public sector undertaking under the Ministry of Railways, plays a crucial role in modernising India's railway communication systems and providing broadband services across the country. The company's primary services include broadband connectivity to urban and rural areas, offering mission-critical communication solutions like video surveillance and e-office services, and providing Wi-Fi and on-demand content at major railway stations. It also focuses on network modernisation to improve train operations and administration, ensuring the smooth functioning of the railway system. Additionally, RailTel has been instrumental in various large-scale government projects such as Bharat Net, the National Knowledge Network, and optical fiber connectivity initiatives in the North East. RailTel was formed through the Railway Budget of 2000, with the goal of leveraging the existing telecom assets and the Right of Way (ROW) of Indian Railways to contribute to the National Telecom Policy of 1999.
Business Standard
3 days ago
- Business
- Business Standard
Polycab India signs Rs 6,448-cr deal with BSNL for BharatNet project
Polycab India said that it has executed a contract worth Rs 6,447.54 crore with Bharat Sanchar Nigam (BSNL) to act as the project implementation agency (PIA) for the BharatNet project in Karnataka, Goa, and Puducherry. The agreement, part of package 4 of the Amended BharatNet Programme, covers design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network infrastructure. According to a stock exchange filing, Polycab India has entered into an agreement with Bharat Sanchar Nigam (BSNL) to act as the Project Implementation Agency (PIA) for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet in the Karnataka, Goa, and Puducherry Telecom Circles. The project, under Package No. 4, is valued at Rs 6,447.54 crores (inclusive of GST), comprising Rs 3,741.92 crores for capital expenditure (Capex), Rs 2,245.15 crores for operating expenses (Opex) for the newly constructed network, and Rs 460.47 crores for Opex of the existing network. The construction is to be completed within three years, followed by a maintenance contract for a period of 10 years. The maintenance cost will be 5.5% per annum of Capex for the first five years, and 6.5% per annum of Capex for the subsequent five years. The firm stated that the promoter/promoter group or group companies have any interest in the entity that awarded the order(s)/contract(s), the company has stated that there is no such interest. Polycab India is the largest manufacturer of wires and cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) space. The Group is also in the business of engineering, procurement, and construction (EPC) projects. The companys consolidated net profit spiked 32.68% to Rs 734.40 crore on a 24.92% rise in revenue from operations to Rs 6,985.8 crore in Q4 FY25 over Q4 FY24. Shares of Polycab India rose 0.24% to Rs 6,055.70 on the BSE.
Time of India
3 days ago
- Business
- Time of India
BharatNet Phase-III: Polycab wins ₹6,447.54-crore deal for Karnataka, Goa and Puducherry circle
NEW DELHI: State-controlled Bharat Sanchar Nigam Limited ( BSNL ) has awarded a ₹6,447.54-crore deal to homegrown electrical wires and optical cable manufacturer Polycab to construct and maintain a middle-mile network under the BharatNet Phase-III programme in Karnataka, Goa and Puducherry telecom circle. '...Polycab India Limited has executed an agreement with BSNL as the Project Implementation Agency for Design, Supply, Construction, installation, upgradation, operation and maintenance of middle mile network of Bharat Net in Karnataka, Goa and Puducherry Telecom Circle against Package No. 4 amounting ₹6,447.54 crores (inclusive of GST),' Polycab said in a regulatory filing in aftermarket hours Tuesday. The deal value comprises a capital expenditure (capex) of ₹3,741.92-crore and operating expenditure (opex) of ₹2,245.15-crore, and an opex of ₹460.47-crore for the existing network, as per the filing. BharatNet , a rural telecom connectivity project, is aimed at providing non-discriminatory access to broadband connectivity to all telecom operators (telcos). BSNL has previously awarded contracts to Polycab, ITI Limited, Sterlite Technologies (STL), Telecommunications Consultants of India Limited (TCIL), and Pratap Technocrats, among others, under multiple packages of the BharatNet Phase-III programme. ETTelecom reported on August 7, 2024, that the Telecommunications Consultants of India Limited (TCIL), ITI Limited, indigenous optical fiber cable (OFC) makers HFCL, STL, Polycab, and Pratap Technocrats, are among the bidders for the third phase of the Centre's ambitious BharatNet programme. Indigenous OFC makers Polycab, STL and HFCL presented solo bids while as many as 18 bidders, including G R Infraprojects, Vindhya Telelinks, Pace Digitek Infra Private Limited, Rail Vikas Nigam Limited (RVNL), Bharat Electronics Limited, Megha Engineering, and others, took the consortium route. A total of 21 bidders put in their bids under the BharatNet 3 program for Madhya Pradesh, Rajasthan, Uttar Pradesh (East), Uttar Pradesh (West), Karnataka, Uttarakhand, Bihar, Himachal Pradesh, West Bengal, Jammu & Kashmir, North East Region – I and North East Region – II, and others. In early 2024, the Centre rolled out the BharatNet III programme with an outlay of Rs 65,000-crore. The last date to submit bids was August 6, 2024. The tender is part of the Prime Minister Narendra Modi-led government's Rs 1.39 lakh crore BharatNet programme which aims to provide last-mile broadband connectivity, and upgrade the existing 164,000 gram panchayats, as well as, connect 47,000 gram panchayats under the new model.
Economic Times
4 days ago
- Business
- Economic Times
Polycab shares in focus after securing Rs 6,448-crore BharatNet contract from BSNL
The agreement, part of Package 4 of the amended BharatNet programme, includes the design, supply, construction, installation, upgradation, operation, and maintenance of middle-mile network infrastructure. Synopsis Polycab India has bagged a significant deal. It is a Rs 6,447.54 crore contract from Bharat Sanchar Nigam Limited. This is under the BharatNet project. Polycab will be the Project Implementation Agency. They will handle network development in Karnataka, Goa, and Puducherry. The project includes construction and maintenance. Analysts predict a potential upside for Polycab shares. Polycab shares will be in focus on Wednesday after the company announced it has secured a contract worth Rs 6,447.54 crore from Bharat Sanchar Nigam Limited (BSNL) under the BharatNet project. The contract appoints Polycab India as the Project Implementation Agency (PIA) for network development in Karnataka, Goa, and Puducherry. ADVERTISEMENT The agreement, part of Package 4 of the amended BharatNet programme, includes the design, supply, construction, installation, upgradation, operation, and maintenance of middle-mile network infrastructure. According to the company's stock exchange filing, the total contract value includes a capital expenditure (capex) of Rs 3,741.92 crore, operational expenditure (opex) of Rs 2,245.15 crore for the newly constructed network, and Rs 460.47 crore for the existing network—all inclusive of GST. The project involves a three-year construction phase followed by a 10-year maintenance period. Maintenance charges will be billed at 5.5% of the capex annually for the first five years and 6.5% per annum for the remaining five years. Also Read:Street favourites! Analysts see these 10 smallcap stocks rallying 20-80% ADVERTISEMENT As per Trendlyne data, the average target price of the stock is Rs 6,751, which shows an upside of 12% from the current market prices. The consensus recommendation from 28 analysts for the stock is a 'Buy'.Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside ADVERTISEMENT Polycab's Relative Strength Index (RSI) stands at 54.8, suggesting neutral momentum. An RSI below 30 indicates an oversold stock, while a reading above 70 signals overbought conditions. The MACD is at 94.6—above the centre line, but below the signal stock is currently trading below its 5-day, 10-day, 150-day, and 200-day simple moving averages (SMAs), but remains above the 20-day, 30-day, 50-day, and 100-day SMAs. ADVERTISEMENT Also Read: How can anyone consider Bitcoin to be a digital version of gold, questions Peter Schiff Polycab shares have gained 20% over the past three months but are down 15% over the last 12 months. The company's market capitalisation stands at Rs 90,894 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
4 days ago
- Business
- Time of India
Polycab shares in focus after securing Rs 6,448-crore BharatNet contract from BSNL
Polycab shares will be in focus on Wednesday after the company announced it has secured a contract worth Rs 6,447.54 crore from Bharat Sanchar Nigam Limited ( BSNL ) under the BharatNet project. The contract appoints Polycab India as the Project Implementation Agency (PIA) for network development in Karnataka, Goa, and Puducherry. The agreement, part of Package 4 of the amended BharatNet programme, includes the design, supply, construction, installation, upgradation, operation, and maintenance of middle-mile network infrastructure. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo According to the company's stock exchange filing, the total contract value includes a capital expenditure (capex) of Rs 3,741.92 crore, operational expenditure (opex) of Rs 2,245.15 crore for the newly constructed network, and Rs 460.47 crore for the existing network—all inclusive of GST. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0.00% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The project involves a three-year construction phase followed by a 10-year maintenance period. Maintenance charges will be billed at 5.5% of the capex annually for the first five years and 6.5% per annum for the remaining five years. Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80% Live Events Polycab shares target price As per Trendlyne data, the average target price of the stock is Rs 6,751, which shows an upside of 12% from the current market prices. The consensus recommendation from 28 analysts for the stock is a 'Buy'. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside Polycab shares technical indicators Polycab's Relative Strength Index (RSI) stands at 54.8, suggesting neutral momentum. An RSI below 30 indicates an oversold stock, while a reading above 70 signals overbought conditions. The MACD is at 94.6—above the centre line, but below the signal line. The stock is currently trading below its 5-day, 10-day, 150-day, and 200-day simple moving averages (SMAs), but remains above the 20-day, 30-day, 50-day, and 100-day SMAs. Also Read: How can anyone consider Bitcoin to be a digital version of gold, questions Peter Schiff Polycab shares performance Polycab shares have gained 20% over the past three months but are down 15% over the last 12 months. The company's market capitalisation stands at Rs 90,894 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
