Creative Newtech Share Price Jumps 15% On Monday Despite Weak Market Sentiment; Here's Why

On Monday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.52 per cent to 23,245.40. Despite the broader market weakness, Creative Newtech's share price jumped 15.43 per cent to Rs 727.95 after the company announced it had received an Advance Work Order (AWO) for the BharatNet Middle Mile Network Project in the Odisha Telecom Circle.

Creative Newtech Receives BharatNet Project Order

Creative Newtech informed the stock exchanges that Bharat Sanchar Nigam Limited (BSNL), acting on behalf of Digital Bharat Nidhi under the Department of Telecommunications, Government of India, has awarded an Advance Work Order for the BharatNet Middle Mile Network Project in Odisha.

The order has been awarded to Creative Newtech along with its consortium partner. The total project value for the consortium is approximately Rs 3,194.83 crore.

The scope of work includes design, supply, construction, installation, upgradation, operation and maintenance of the BharatNet Middle Mile Network across the Odisha Telecom Circle.

Project Scope And Execution Timeline

The contract is expected to be completed within approximately three years, subject to fulfilment of the terms and conditions of the Advance Work Order, execution of the definitive agreement and issuance of route-wise work orders by BSNL.

Under the integrated scope, the consortium will undertake network creation, infrastructure modernisation and long-term operations. The project includes building new infrastructure, upgrading existing networks to ring topology, establishing a State Network Operations Centre and deploying advanced networking, fibre monitoring and network management systems.

The deployment will also cover optical fibre infrastructure, IP-MPLS equipment, power systems and last-mile connectivity solutions across thousands of locations in Odisha.

Government's BharatNet Programme

The project forms part of the Government of India's BharatNet programme aimed at strengthening digital infrastructure across the country.

In Odisha, the middle mile network initiative is intended to improve telecom connectivity in rural and underserved regions. The network is expected to support e-governance services, digital education, healthcare delivery, enterprise activities and other public services.

The contract structure combines large-scale rollout activities with long-term operations and maintenance, providing continuity across implementation and service phases beyond the initial deployment period.

Management Commentary

Commenting on the development, Ketan Patel, Chairman and Managing Director of Creative Newtech Limited, said that the BharatNet Odisha project provides the company an opportunity to contribute to one of India's key digital infrastructure programmes.

He added that the project strengthens the company's capabilities in technology integration, infrastructure execution, project governance and managed services, while supporting its focus on opportunities in AI, IoT and data centre infrastructure.

About Creative Newtech 

Creative Newtech Ltd is a technology distribution and solutions company engaged in information and communication technology products, enterprise solutions and digital infrastructure services. The company works across multiple technology segments and partners with global technology brands.

What are your thoughts on Creative Newtech securing the Rs 3,194.83 crore BharatNet project in Odisha? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.