Sterlite Technologies Ltd. (STL) has entered into a major agreement with Bharat Sanchar Nigam Limited (BSNL) to develop the middlemile network for BharatNet PhaseIII in Jammu & Kashmir and Ladakh. The project, valued at ₹2,631.14 crore, aims to enhance rural broadband connectivity and strengthen India’s digital infrastructure.
Key Highlights:
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Project Scope: STL, along with consortium partner Dilip Buildcon, will handle the design, supply, construction, installation, and maintenance of the network.
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Financial Breakdown: The contract includes ₹1,620.50 crore in capital expenditure (Capex) and ₹972.30 crore in operating expenditure (Opex) for the newly built network.
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Performance Security: STL must submit a ₹131.56 crore performance guarantee, valid for 3.5 years, to secure the contract.
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Strategic Importance: BharatNet aims to provide nondiscriminatory broadband access to telecom operators, boosting connectivity in remote regions.
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Industry Impact: BSNL has previously awarded similar contracts to Polycab, ITI Limited, TCIL, and Pratap Technocrats, reinforcing its commitment to nationwide digital expansion.
This agreement positions Sterlite Technologies as a key player in India’s broadband revolution, ensuring seamless connectivity for underserved regions.
Sources: Economic Times, Business Standard, ValueBroking.