The stock is up over 70 per cent from its 52-week low of Rs 27.48 per share.

Similar to the Bihar contract, the project structure involves a 3-year construction period followed by a 10-year maintenance phase with escalating fees.

The promoters of the company own a 51.50 per cent stake and the rest 48.50 per cent stake is owned by public shareholders with 645 shareholders as of June 2024.

The total order was for 7,900 GPs worth Rs 80 out of which the above order is worth approximately Rs 6 crore [(Rs 80 crore / 7,900 GPs) * 592 GPs = approx. Rs 6 crore).

In the last 24 days, the company has received orders from marquee clients like Bharti Airtel, Bharat Sanchar Nigam Ltd., and Dinesh Engineers Ltd. The business had significant growth in net profit and sales in the first half of FY24; net profit increased by 338 per cent and sales by 253 per cent, respectively, year over year.

The company has received work orders from Bharti Airtel Limited for the supply of 6-meter-high GI poles weighing 60kg (hot-dipped galvanized) without base in Kerala and Tamil Nadu. The order deadline is December 21, 2023, and the order size is Rs 2,92,05,000/-

The relief package of Rs 1.64 lakh crore for BSNL announced by the Minister of Communications will revive BSNL to become a strong business enterprise. A strong BSNL is vital for the country for its strategic reasons and crucial for the growth of the entire telecom sector of India.