APAR Industries subsidiary wins 15-year fiber network contract
pre-market1 source ↓written by the desknot a recommendation
- with Karnataka Power
- 15-year contract
- and maintaining
- 6,100 km OPGW fiber network
- and share revenues
- ₹5 crore annually
- share revenues
- 60% for ATDPPL
- 40% for KPTCL
Apar Industries' subsidiary, APAR Transmission & Distribution Project Private Limited, has secured a 15-year contract with Karnataka Power Transmission Corporation Limited. The agreement involves operating and maintaining a 6,100 km OPGW fiber network. ATDPPL will pay ₹5 crore annually and share revenues at 60% for ATDPPL and 40% for KPTCL. This move positions Apar Industries in the dark fiber monetization sector.
Not investment advice. For informational purposes only.