Senior Management Appointment
Pace Digitek Bags ₹2646.50 Million BSNL BharatNet Contract in Sikkim Telecom Circle
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Pace Digitek Limited has secured a contract worth ₹2646.50 million (including GST) from Bharat Sanchar Nigam Limited (BSNL) for design, supply, construction, installation, upgradation, operation, and maintenance of the BharatNet middle mile network in the Sikkim Telecom Circle.
PRICE-SENSITIVE TRIGGER
Event: Major Telecom Infrastructure Contract Win
Type: Order Win
Impact: Positive
Immediate Effect: The contract strengthens Pace Digitek’s telecom infrastructure business and provides long-term revenue visibility through a large-scale BharatNet execution project.
Key Metrics:
- Contract Value: ₹2646.50 Million (Including GST)
- Awarding Entity: Bharat Sanchar Nigam Limited (BSNL)
- Project Type: BharatNet Middle Mile Network
- Execution Region: Sikkim Telecom Circle
- Execution Timeline: 1095 days from appointment date
- Entity Type: Domestic
Order Size:
- ₹2646.50 Million BSNL BharatNet Contract
What Happened ?
Pace Digitek Limited informed stock exchanges that it has received a contract from Bharat Sanchar Nigam Limited (BSNL) aggregating to ₹2646.50 million including GST.
The project involves design, supply, construction, installation, upgradation, operation, and maintenance of the middle mile network of BharatNet in the Sikkim Telecom Circle. The company disclosed the details under Regulation 30 of SEBI (LODR) Regulations, 2015.
Key Details
Appointment Details and Professional Background:
- Contract awarded by Bharat Sanchar Nigam Limited (BSNL).
- Project relates to BharatNet middle mile telecom infrastructure.
- Scope includes:
- Design
- Supply
- Construction
- Installation
- Upgradation
- Operation
- Maintenance
- Project execution location is Sikkim Telecom Circle.
- Contract classified as domestic order.
- Execution timeline is 1095 days from the appointment date.
- No promoter or promoter group interest in awarding entity.
- Transaction is not classified as a related party transaction.
Note:
- The BharatNet project strengthens Pace Digitek’s position in telecom infrastructure and government connectivity projects.
Risk Analysis
Key Risks:
- Delays in project execution may impact revenue recognition.
- Cost overruns or operational challenges could affect margins.
- Government project dependencies may impact timelines and payments.
- Telecom infrastructure deployment in hilly terrain like Sikkim may create logistical challenges.
Worst Case Scenario:
- Project delays, operational inefficiencies, or execution bottlenecks could impact profitability and future order inflows.
Risk Level: Medium
Company Commentary
- Pace Digitek received a ₹2646.50 million contract from BSNL.
- Project involves BharatNet middle mile network deployment in Sikkim Telecom Circle.
- Contract includes complete lifecycle execution and maintenance responsibilities.
- Company confirmed no related party involvement in the transaction.
Official Exchange Filing: Pace Digitek Ltd