- 02 Dec 2022
- ICICIdirect Research
Polycab has partnered with Redington India for distribution of its end-to-end passive networking solutionsPOLYCAB - 3412 Change: 3.65 (0.11 %)
In a regulatory exchange filing, Polycab announced that Redington will be its National Distributor for its end-to-end passive networking solutions. Through this tie-up, the company's telecom division aims to meet its distribution-objectives and strengthen the presence of its passive networking portfolio by taking capitalizing on Redington’s extensive distribution-network.
Polycab forayed into the passive networking solutions in March 2021. In FY22, the Company was on‑boarded by Tamil Nadu FibreNet Corporation Ltd. as a Master System Integrator to implement the BharatNet Phase‑II project. Polycab's revenue from wires & cables increased by 42% to ~Rs10,794 crore in FY22. We believe that this tie-up will further aid the revenue from this segment.