Latest news with #Polycab
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.
Business Upturn
3 days ago
- Business
- Business Upturn
Asian Stock Markets Update: Nikkei up 0.66%, KOSPI up 0.67%, HSI down 1.26%
By Aditya Bhagchandani Published on June 18, 2025, 08:24 IST Amid rising geopolitical tensions in the Middle East and restrained U.S. military involvement, Asia-Pacific markets traded mixed on Wednesday. Japan's better-than-expected trade deficit also influenced sentiment. Top Stocks in focus on June 18: Polycab, ONGC, Vedanta, Bharat Forge, GMR Airports, and more Top Gainers Index Price Change %Change Nikkei (Japan) 38,791.80 +255.06 +0.66% ▲ Kospi (South Korea) 2,970.03 +19.73 +0.67% ▲ Taiwan 22,290.66 +79.07 +0.36% ▲ ASX 200 (Australia) 8,546.70 +5.40 +0.06% ▲ Top Losers Index Price Change %Change HSI (Hong Kong) 23,678.28 -302.02 -1.26% ▼ STI (Singapore) 3,914.68 -15.96 -0.41% ▼ Shanghai 3,377.39 -10.01 -0.30% ▼ Shenzhen 10,139.61 -11.82 Japan's trade deficit beat expectations, supporting equities. Hang Seng saw the steepest decline amid ongoing China property and tech uncertainty. Middle East tensions remain in focus as investors weigh energy prices and geopolitical fallout. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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)
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First Post
30-05-2025
- Business
- First Post
Building Safe, Smart, and Sustainable Spaces with P. Kruthivas
In this compelling vodcast of Infra Safety: Powering India's Electrical Future, presented by Polycab & CNBC-TV18, Jude Sannith, sits down with P. Kruthivas, Founder & Managing Director of Pushkar Properties. read more As India's cities scale vertically and smart homes become the norm, electrical safety must become a core part of infrastructure conversations, not an afterthought. In this compelling vodcast of Infra Safety: Powering India's Electrical Future, presented by Polycab & CNBC-TV18, Jude Sannith, sits down with P. Kruthivas, Founder & Managing Director of Pushkar Properties. A seasoned real estate developer known for his luxury residential projects in Chennai's Central Business District, Kruthivas shares invaluable perspectives on how safety, aesthetics, and technology can—and must—coexist in modern construction. STORY CONTINUES BELOW THIS AD From ensuring compliance with national electrical codes to adopting best practices in high-rise planning, the discussion dives deep into what it takes to create future-ready real estate. Kruthivas stresses the importance of early-stage MEP planning, standardised wiring practices, smart integration, and consistent quality checks across housing segments—whether it's luxury apartments or affordable housing. More from Business How Indian fintech startups are driving Malaysia's UPI-like digital payments revolution He also addresses the evolving landscape of Indian real estate: the growing energy demands from EVs and smart appliances, the rise of solar-powered buildings, and the increasing expectations of tech-savvy homebuyers. In each case, he outlines how real estate developers must align with trusted partners like Polycab to meet these demands without compromising on safety. Key Discussion Points: Electrical safety challenges in high-rises and luxury developments. Why proper planning, certified products, and a trained workforce matter The impact of smart homes and EV integration on infrastructure design The role of solar adoption and how it affects safety planning Why brands like Polycab are crucial in setting industry-wide benchmarks Whether you're a developer, policymaker, or homeowner, this vodcast offers expert insights to help you build—and live—more safely in today's connected world. Watch now and discover how safety-first thinking can shape the future of Indian real estate!
