Major BharatNet Project Win: Polycab India has secured a substantial contract from Bharat Sanchar Nigam Limited (BSNL) worth ₹6,447.54 crore. This agreement, signed on June 17, 2025, positions Polycab as the Project Implementation Agency for the BharatNet program in Karnataka, Goa, and Puducherry. The project entails the design, supply, construction, installation, upgrading, operation, and maintenance of the middle-mile network infrastructure for a period of three years for construction and ten years for maintenance. Strong Financial Performance & Dividend: The company reported robust financial results for the March 2025 quarter (Q4FY25), with net profit increasing by 34% to ₹730.3 crore. This strong performance was largely driven by a 27% year-on-year volume growth in its domestic cable and wire segment. Following these positive results, Polycab's board has recommended a final dividend of ₹35 per equity share for the fiscal year ended March 31, 2025, with June 24, 2025, set as the record date. Market Dynamics and Other Developments: Polycab's shares have seen movements influenced by its strong results and the significant BSNL contract. However, the broader wire and cable sector has experienced some volatility due to increased competition from new entrants like UltraTech Cement. In other corporate news, Polycab recently allotted 33,885 equity shares to employees under its stock option scheme and has announced its 29th Annual General Meeting.

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