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APAR Industries Limited ( (IN:APARINDS) ) just unveiled an announcement.
APAR Industries Limited, through its wholly owned subsidiary APAR Transmission & Distribution Project Private Limited (ATDPPL), is entering the dark fiber monetization business by partnering with Karnataka Power Transmission Corporation Limited (KPTCL). This strategic move allows APAR to operate, maintain, and monetize a 6,100 km OPGW fiber network in Karnataka for 15 years, creating a new revenue stream by leasing network capacity to Telecom service providers. This diversification into the brownfield OPGW infrastructure segment in India is expected to enhance APAR’s market positioning as a data connectivity solution provider, leveraging its existing relationships and expertise.
More about APAR Industries Limited
APAR Industries Limited operates in the Transmission & Distribution (T&D) segment and is recognized for its expertise in turnkey projects and operations & maintenance of OPGW networks. The company also has a significant presence in the Fiber Optics Cable Products sector, maintaining strong relationships with Telecom and Data Centre companies across India.
Average Trading Volume: 5,932
Technical Sentiment Signal: Buy
Current Market Cap: 335.1B INR
For detailed information about APARINDS stock, go to TipRanks’ Stock Analysis page.