Shares of Creative Newtech Ltd surged 20% and hit the upper circuit after the company announced a major order under the BharatNet programme.
The stock jumped to ₹759, up from the previous close of ₹630.50. The company has a market capitalisation of about ₹1,149 crore and trades at nearly 16 times earnings.
₹3,194.83 crore order from BSNL
Creative Newtech, along with its consortium partner, has received an Advance Work Order (AWO) from Bharat Sanchar Nigam Ltd (BSNL).
BSNL issued the order on behalf of Digital Bharat Nidhi, under the Department of Telecommunications.
The total value of the consortium project is about ₹3,194.83 crore.
The project covers the Odisha Telecom Circle.
Scope of work
The contract involves:
- Design of the network
- Supply of equipment
- Construction and installation
- Upgradation of existing infrastructure
- Operation and maintenance of the network
The consortium will also:
- Build new telecom infrastructure
- Upgrade existing networks to ring topology
- Set up a State Network Operations Centre
- Deploy network management systems
- Install fibre monitoring systems
The project spans thousands of locations across Odisha.
Execution timeline
The contract is expected to be completed over three years.
Execution is subject to:
- Submission of unconditional acceptance
- Furnishing of performance security
- Signing of a definitive agreement
- Issue of route-wise work orders by BSNL
The company said the transaction is domestic in nature and does not involve any related-party dealings.
It added that promoters have no interest in BSNL.
Potential for recurring revenue
Apart from the initial deployment, the project includes long-term operation and maintenance responsibilities.
These obligations are expected to provide recurring revenue beyond the construction phase.
Financial performance
Creative Newtech reported strong growth in FY26.
FY26 numbers
- Total income: ₹2,717.51 crore, up 50.85% year-on-year
- EBITDA: ₹104 crore, up 41.73%
- Net profit: ₹70.29 crore, up 32.35%
Q4 FY26
- Total income: ₹740.44 crore, up 81.16%
- Net profit: ₹17.79 crore
About the company
Founded in 1992, Creative Newtech Ltd, formerly Creative Peripherals & Distribution Ltd, operates in technology distribution and brand management.
The company serves more than 300 cities and works with over 50 technology brands, including:
- Honeywell
- Samsung
- Fujifilm
- Lexar
- Cooler Master
Its Market Entry Specialist business contributed 85.89% of FY26 consolidated revenue, amounting to ₹2,318.92 crore.
TL;DR
Creative Newtech hit the 20% upper circuit after securing a ₹3,194.83 crore BharatNet-related order from BSNL through a consortium. The project, covering the Odisha telecom circle, is valued at more than three times the company’s market capitalisation.
AI Summary
- Creative Newtech surged 20% after a major order win.
- The consortium received a ₹3,194.83 crore contract from BSNL.
- The project relates to the BharatNet Middle Mile Network in Odisha.
- Execution is expected over three years.
- FY26 net profit rose 32.35% to ₹70.29 crore.