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Business Standard
5 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.
Mint
12-06-2025
- Business
- Mint
RailTel share price dips 5% amid stock market crash despite large order win
Stock Market Today: RailTel share price that had gained up to 3% during the early trades following oder book updates. However the RailTel share price gave up the gains and slipped almost 5% below the previous days closing price amid stock market Crash. Check details RailTel share price opened at ₹ 460.40 on the BSE on Thursday. The RailTel share price at the time of opening was up close to 1% higher compared to the previous days closing price of ₹ 456.40 . RailTel share price there after continued to rise and scaled intraday highs of ₹ 469.35, propelled by the work order received by for South Easter Coal Fields . This translated into gains of almost 3% during the intraday trades for RailTel share price. The Railtel Share price however gave up the gave up the gains and slipped to intraday lows of ₹ 469.35 on a day when the stock market crashed and S&P BSE Sensex was more than 1% lower . RailTel had intimated the exchanges regarding major order secured by the company on 11 June 2025. The release by RailTel addressed to the National Stock Exchange of India and the BSE or the Bombay Stock Exchange said that it is to inform that RailTel Corporation of India Ltd. has received the work order from South Eastern Coalfields Limited. The work order received by RailTel Corporation from South Eastern Coalfields amounts to Rs. 11,94,89,669 (Including Tax). The scope of Workorder received by the RailTel Corporation will be to Manage Bandwidth Service Through MPLS VPN Network on Rental Basis (Opex model) for the South Eastern Coalfields Limited. The time period given to RailTel Corporation is for Three years. The Managed Bandwidth Service by RailTel Corporations will be to Support Live Streaming & Storage of Video Footage of CCTV Cameras located at Various SECL (South Eastern Coalfields Limited.) mines in Madhya Pradesh & Chhattisgarh States. The time period by till which the order has to be executed as per RailTel Corporation is till 05-JUN-28. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
12-06-2025
- Business
- Business Standard
Railtel Corp bags order worth Rs 119 cr from South Eastern Coalfields
Railtel Corporation of India said that it has received the work order worth Rs 119.45 crore from South Eastern Coalfields (SECL) for providing managed bandwidth service through MPLS VPN network on rental basis (Opex model) for period of three years. The said contract includes managed bandwidth service to support live streaming & storage of video footage of CCTV cameras located at various SECL Mines in MP & CG states. RailTel Corporation of India, a 'Navratna' central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country, owning a pan-India optic fiber network covering several towns & cities and rural areas of the country. The company's standalone net profit jumped 46.33% to Rs 113.45 crore on a 57.11% rise in net sales to Rs 1,308.28 crore in Q4 FY25 over Q4 FY24. The scrip advanced 1.65% to end at Rs 456.40 on the BSE.
Business Standard
11-06-2025
- Business
- Business Standard
STL Networks - Dilip Buildcon consortium bags Rs 2631 cr BharatNet project
Sterlite Technologies, through its Global Services Business (the demerged business vertical), in consortium with Dilip Buildcon , has entered into an Agreement with Bharat Sanchar Nigam (BSNL) on 11 June 2025. The agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for the Jammu & Kashmir and Ladakh Telecom Circles - Package 13 (Agreement). The value of the project is Rs 2631.14 crore (inclusive of GST) (Capex - Rs 1620.50 crore, Opex for newly constructed network Rs 972.30 crore and Opex for existing network Rs 38.33 crore). It is to be noted that pursuant to the Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Mumbai, vide order dated 14 February 2025, STL's Global Services Business has been demerged into STL Networks, effective from the close of business hours on March 31, 2025. Accordingly, the Agreement will be novated in favour of STL Networks upon completion of the necessary formalities.
Yahoo
07-05-2025
- Business
- Yahoo
Fluidra Delivers Strong Start to 2025, with Sales up 7% to €564 Million and Growth Across All Regions
Positive volume, price and M&A contribution Simplification Program continues to drive margin expansion Signed two value-enhancing acquisitions of Aiper and PoolTrackr Confident in delivering full-year guidance despite ongoing geopolitical and macroeconomic uncertainty BARCELONA, Spain, May 07, 2025--(BUSINESS WIRE)--Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, achieved sales of €564 million in the first quarter of 2025, up 7% year-on-year with growth across all regions mainly driven by higher volumes together with positive contribution of pricing and prior year acquisitions. Adjusted EBITDA was up 10% year-on-year to €131 million, representing a 23% margin, with consistent gross margin improvement due to the Simplification Program partially offset by higher Opex. Net income of €48 million was up 29% year-on-year. Fluidra continues to deleverage and, at the end of March, the ratio of net debt to Adjusted EBITDA was down 0.3x versus same time last year on similar net debt levels. In the first three months of 2025, sales were up across all regions on constant currency and perimeter, with North America growing 7% and Europe increasing around 3%. Sales in the Rest of the World grew by 3%. Fluidra's Simplification Program continues to deliver, with €75 million cumulative savings to date, including a contribution of €7 million in Q1 2025. The program remains on track to achieve the €100 million savings target by year-end, supported by global procurement efficiencies and value engineering initiatives. Strategic acquisitions reinforce digital and product leadership In April, Fluidra announced the acquisition of a 27% stake in Aiper, a fast-growing, innovative leader in cordless robotic pool cleaners. This move enhances Fluidra's product portfolio and establishes a presence in the direct-to-consumer channel. Fluidra also acquired Pooltrackr in May, an Australia-based SaaS platform for pool professionals. The platform will be rolled out globally, accelerating the company's digital transformation and reinforcing its leadership in connectivity and customer experience. Eloi Planes, Fluidra's Executive Chairman, said: "Following a strong first quarter, we are maintaining our 2025 guidance as we move into the key months of the pool season. We continue to focus on what's within our control and are closely monitoring developments. While macroeconomic and geopolitical uncertainty remains, we are confident in our ability to deliver, supported by our action plan in place to fully offset the impact of tariffs.
