The manufacturer of wires and cables, Polycab Ltd shares were trading in the green and almost 1% higher on 7 November after the company told the stock exchanges that it had won its second contract in as many days and was the lowest bidder (L1) from Bharat Sanchar Nigam Ltd. (BSNL).

The present order concerns the design, build, operate, and maintain (DBOM) model for Package 7 in Bihar, which includes the development, creation, upgrading, and operation and maintenance of the Bharat Net middle mile network.

The most recent order from Polycab is worth Rs 1,549 crore and needs to be completed in three years. The ten-year maintenance contract will also be paid at a rate of 5.5% annual capital expenditure for the first five years and 6.5% annual capital expenditure for the remaining five.

BSNL has already given Polycab orders totalling about Rs 5,650 crore for Wednesday and Thursday.

For the development, modernization, management, and upkeep of the Bharat Net middle mile network across Karnataka, Goa, and Puducherry, the company was declared the lowest bidder on Wednesday.

The order that was placed on Wednesday was worth Rs 4,099 crore. The order was issued on the identical terms as the previous one.

The management of Polycab reaffirmed last month in an interview with CNBC-TV18 that the company will reach its sales goal of ₹20,000 crore by the end of the fiscal year 2025.

However, at 2:46 pm, the shares of Polycab India were trading 0.64% lower at Rs 6,839.75 on NSE.

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