Polycab India has signed an agreement with BSNL as the Project Implementation Agency (PIA) for designing, supplying, constructing, installing, upgrading, operating, and maintaining the middle-mile network of Bharat Net in Bihar Telecom Circle under Package No. 7.
The contract is valued at Rs 3,002.99 crore, comprising Rs 1549.66 crore for capital expenditure, Rs 929.79 crore for operating expenditure of the newly constructed network, and Rs 523.53 crores for the existing network.
The order is to be executed over three years for construction, followed by a 10-year maintenance contract. The maintenance cost is set at 5.5 percent per annum of capex for the first five years and 6.5 percent per annum for the next five years.