Polycab India rises on securing contract worth Rs 3002.99 crore
Polycab India is currently trading at Rs. 5036.20, up by 25.60 points or 0.51% from its previous closing of Rs. 5010.60 on the BSE.
The scrip opened at Rs. 5080.05 and has touched a high and low of Rs. 5105.75 and Rs. 5011.05 respectively. So far 6782 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7607.15 on 15-Oct-2024 and a 52 week low of Rs. 4557.45 on 28-Feb-2025.
Last one week high and low of the scrip stood at Rs. 5107.75 and Rs. 4805.00 respectively. The current market cap of the company is Rs. 75880.84 crore.
The promoters holding in the company stood at 63.05%, while Institutions and Non-Institutions held 23.41% and 13.54% respectively.
Polycab India has executed an agreement with BSNL as the Project Implementation Agency (PIA) for design, supply, construction, installation, upgradation, operation and maintenance of middle mile network of Bharat Net in the Bihar Telecom Circle against Package No 7 amounting Rs 3002.99 crore (inclusive of GST) [Capex of around Rs 1549.66 crore, Opex for newly constructed network of Rs 929.79 crore and Opex for existing network of Rs 523.53 crore].
Polycab India is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (FMEG) under the ‘POLYCAB’ brand.
