Polycab India a leading manufacturer of electrical wires and cables has bagged a contract from state-owned telecom provider BSNL for its ambitious Bharat Net project in the Bihar telecom circle. As per the companys exchange filing on Thursday the order is approximately worth Rs Rs 3003 crore. Polycab India bags BSNL contract As per details the contract between BSNL and Polycab India includes a three-year construction period followed by a 10-year maintenance contract. The maintenance cost is structured at 5.5 percent per annum of capex for the first five years and 6.5 percent per annum for the subsequent five years. The contract includes Rs 1549.66 crore capex Rs 929.79 crore opex and Rs 523.53 crore opex for existing network totaling to Rs 3002.99 crore. About Polycab India Polycab India was established as a trading firm in 1986 by its founder and current Chairman and Director Inder Jaisinghani who is today a renowned name in the Indian business space. In 2008 the International Finance Corporation the private equity arm of the World Bank picked up a stake in Jaisinghanis company marking its upward rise following which the company expanded into making products such as electric fans LED lighting switches and switchgear in 2014. The companys stock received a major boost in 2022 from increasing electrification and an uptick in spending in the power sector and at present boasts a market cap of Rs 75210 crore with its shares closing at Rs 5000 apiece on Thursday. Inder Jaisinghani net worth Inder Jaisinghani has a net worth of $1.6 billion (around Rs 13918 crore) as of March 13 2025 according to Forbes Real-Time Billionaires List. Jaisinghani 71 is one of the wealthiest men in India and the 2059th richest on the global rich list. The billionaire took over the reins of Polycab India as its director and chairman on 20 1997 and was later reappointed to the companys top post on August 28 2019 after the firm went public in the same year.