Dilip Buildcon consortium emerges as lowest bidder for BharatNet project in Jammu & Kashmir, Ladakh

Dilip Buildcon on Tuesday, November 12, said its STL-DBL consortium has emerged as the lowest bidder for BSNL's BharatNet Phase III broadband connectivity project.

Funded by the USOF, the project costs ₹1,625.36 crore to provide middle mile and last mile connectivity in Jammu and Kashmir and Ladakh. As part of the consortium, Dilip Buildcon's portion for project execution is 70.23%.

The project is estimated to take three years for construction and the company will also receive a 10-year maintenance contract for the same.

BSNL has been awarding contracts for the BharatNet project to multiple companies in the last few days. On Monday, November 11, HFCL said its consortium with Rail Vikas Nigam Ltd. (RVNL) and Aerial Telecom Solutions has been declared as the lowest bidder for a BharatNet project by BSNL.

The consortium's bids worth ₹6,925 crore are to provide middle-mile network in Uttar Pradesh east and west under the Centre's BharatNet Phase III programme.

A day prior, on November 10, ITI Ltd emerged as the lowest bidder (L1) for three packages of the BharatNet Phase-3 project worth ₹4,559 crore.

As the L1 bidder, ITI Ltd will undertake Package No 15, which covers the northeastern states of Arunachal Pradesh, Nagaland, and Manipur, valued at ₹1,537 crore. It was also awarded Package No 8 for Himachal Pradesh and Package No 9 for West Bengal and the Andaman and Nicobar Islands, bringing the combined value of these packages to ₹3,022 crore, ITI said in a stock exchange filing on November 10.

Dilip Buildcon shares were trading 1.99% higher at ₹494.55 apiece at 3 pm on Tuesday, November 12. The stock has gained 29.51% this year, so far.

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