Pace Digitek Limited Secures Contract from BSNL for Rs. 2,646.50 Million
Pace Digitek Limited announced the award of a significant contract from Bharat Sanchar Nigam Limited (BSNL), valued at Rs. 2,646.50 Million. The agreement pertains to critical infrastructure development for BSNL's Bharatnet network within the Sikkim Telecom Circle.The contract awarded to Pace Digitek Limited encompasses the comprehensive scope of Design, Supply, Construction, Installation, Upgradation, Operation, and Maintenance of the middle mile network. This marks a major domestic business development for the company.
The key details of the awarded contract are summarized below:
| Detail | Information |
|---|---|
| Client Entity | Bharat Sanchar Nigam Limited |
| Contract Value | Rs. 2,646.50 Million (including GST) |
| Scope of Work | Design, Supply, Construction, Installation, Upgradation, Operation and Maintenance of middle mile network of Bharatnet, in Sikkim Telecom Circle |
| Nature of Client | Domestic Entity |
| Relationship Status | Not deemed a related party transaction |
| Execution Timeline | The schedule completion date is set for the 1095th day from the appointed date. |
The contract, awarded by a domestic entity, covers the entirety of the required work related to the middle mile network infrastructure in the Sikkim region. Pace Digitek Limited confirmed that the transaction does not constitute a related party transaction.
PACEDIGITK Stock Price Movement
Shares of Pace Digitek Limited are edging higher to ₹180.26 as of 1:55 PM, gaining 1.14% in live trading on a jump of ₹2.04. The stock currently trades within a range of ₹173.23 to ₹183.86, supported by robust volume at 1.89 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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