ITI secures BharatNet project of Rs 1901 cr
ITI has signed an Agreement as Project Implementing Agency (PIA) with BSNL on behalf of USOF for NER II Package-15 of BharatNet Phase-3 Project. The total value of this contract is Rs. 1901 crore including capital expenditure (capex) and operating expenditure (opex). The order value comprises Rs. 1168 crore as capex, Rs 700.84 crore as opex for the newly constructed network, and Rs. 32.21 crore for opex for the maintenance of existing network.
ITI also signed an Agreement with BSNL for Package No. 8 in the state of Himachal Pradesh, and for Package No. 9 in the state of West Bengal, & Andaman and Nicobar Islands with a consolidated order value of Rs. 5055 crore. With this, ITI has signed Agreements with BSNL for three Packages (8,9, & 15) taking the total order value to Rs. 6956 crore.
In November 2024, ITI with its consortium partner had emerged as the Lowest Bidder (L1) for Package No. 15 of BharatNet Phase-3 Project comprising Arunachal Pradesh, Nagaland and Manipur states.
The BharatNet Phase-3 Project is divided into 16 Packages spread across all states & union territories. BSNL had invited tenders, for Design, Supply, Construction, Installation, Upgradation, Operation and Maintenance of Middle Mile Network of BharatNet Phase-3 Project on a Design Build Operate and Maintain (DBOM) Model.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
15 minutes ago
- NDTV
Floodwater Enters Asia's Largest Sugar Mill In Haryana, Causes Rs 50 Crore Loss
New Delhi: Heavy overnight rain in Haryana caused flooding inside the Saraswati sugar mill in Yamunagar - Asia's largest compound, damaging sugar worth Rs 50 to 60 crore. According to officials, the total loss of sugar is believed to be around 40 per cent. The Yamunagar warehouse stored 2,20,000 quintals of sugar, estimated to be around Rs 97 crore. Officials of the warehouse said that rainwater, along with the overflow from a nearby drain, caused the flooding. The general manager of the Saraswati sugar mill, Rajiv Mishra, said the municipal corporation drain passes from right behind the warehouse. However, the drain was blocked due to an encroachment, causing the floodwater to enter the sugar mill. "It rained extremely heavy last night. Our security staff alerted us around midnight about water entering the premises. Due to the encroachment, the drain's level rose. Sugar, being highly hygroscopic in nature, was highly affected. We have lost around Rs 50 to 60 crore worth of sugar. But we can estimate the exact loss once we scan the entire warehouse," Mr Mishra said. According to Mr Mishra, this is the first time ever that the mill was flooded. "We have never dealt with something like this before," he said. Officials are now engaged in clearing the water at the mill using a crane. While the Saraswati sugar mill has been hit with a huge financial loss, it may not affect the local markets at large, Mr Mishra said. Experts, on the other hand, believe that if such kind of negligence by top officials continues, then it can become a big challenge not only financially but also at the level of food scarcity.
Economic Times
19 minutes ago
- Economic Times
Hero Motors refiles papers for IPO, raises issue size to Rs 1,200 crore
Hero Motors, an Indian auto parts manufacturer with clients like BMW and Ducati, has filed for an IPO of up to 12 billion rupees. Hero Motors has refiled its DRHP with SEBI for an IPO, increasing the issue size to Rs 1,200 crore. The IPO includes a fresh issue of shares worth Rs 800 crore and an offer for sale of Rs 400 crore by existing shareholders. The proceeds will be used to reduce debt and expand the Uttar Pradesh facility. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Auto components maker Hero Motors has refiled its Draft Red Herring Prospectus (DRHP) with markets regulator SEBI for an initial public offering (IPO), increasing the issue size from Rs 900 crore to Rs 1,200 company plans to issue fresh shares worth up to Rs 800 crore, while its existing shareholders will sell shares worth up to Rs 400 crore, according to the draft Motors, which counts BMW and Ducati among its clients, is led by Pankaj Munjal , a member of the Munjal family that runs Hero MotoCorp , India's largest two-wheeler manufacturer by from the IPO will be used to reduce debt and fund the purchase of equipment to expand its facility in Uttar Pradesh , Hero Motors in August last year, the company had filed papers for a Rs 900 crore of now, the promoters hold a 91.65% stake in the Motors manufactures engine and transmission components for two-wheelers and has a global clientele that includes brands such as BMW, Ducati, and FY24, 49% of the company's revenue came from powertrain solutions, while the remaining 51% came from the alloys and metallics (A&M) business about 59% of FY24 revenue was derived from India, 29% from Europe, and around 8% from the US. The company's revenue from operations grew from Rs 914.2 crore in FY22 to Rs 1,064.4 crore in FY24. Meanwhile, gross profit rose from Rs 281.4 crore in FY22 to Rs 419.4 crore in FY24, at a CAGR of 22%, with gross margins improving from 30.78% in FY22 to 39.40% in FY24.
India.com
19 minutes ago
- India.com
Bad news for Zomato Blinkit, Swiggy Instamart, Zepto customers, now pay these fees for orders on…
Indian quick commerce platforms are going to introduce a new set of fees and handling charges like basket size levies, small-order surcharges, and even weather-related fees like rain charges, in order to increase unit-level profitability, reported by The Economic Times. Instamart, Zepto, Blinkit Costlier Delivery From this month, quick commerce companies like Instamart, Zepto, and Blinkit are going to raise the charges on those orders which do not meet a specified minimum order value (MOV). According to the ET report, these new charges will be an addition to the regular platform and service fees that are already applicable. Zepto has implemented a handling fee for orders below Rs 175. Swiggy Instamart has changed its MOV to Rs 99. Even Blinkit also applies a 'quick delivery' charge along with extra charges for bulk orders or discounted purchases. This will improve platform 'take rates' meaning overall revenue to the total gross value of orders. How Will It Impact On Industry? These rising delivery charges will impact platform management and the gap between what they earn from customers and what they pay to gig workers for delivery. These quick commerce companies also charge more handling fees on larger carts. Apart from this a surge charge may also apply during peak hours or when there is shortage of delivery boys. Some of these quick commerce players are still facing losses and in order to mitigate that they might have revised these platform fees. Blinkit faced an operational loss of Rs 178 crore during the January-March quarter.
