December 13, 2023
1 min read

BSNL Awards Globesecure Rs 80 Cr FTTH Contract

The company’s net profit increased from Rs 1 crore to Rs 1.67 crore. Globesecure Technologies was listed on the SME platform of NSE in May 2022, when the company raised Rs 10.13 crores by selling its shares for Rs 29 per equity share with a face value of Rs 10 each…reports Asian Lite News

Globesecure Technologies Limited, a NSE SME listed firm into cyber security solutions, has received work order from Bharat Sanchar Nigam Limited (BSNL) for providing last mile FTTH connections in service ready GPs for three years.

The total work order as per agreement signed on November 23 is for 7,900 GPs which is worth Rs 80 crores approximately, out of which work order for 576 GPs has been received. The order comes as a huge boost for the cyber security firm.

Recently Globesecure Technologies has entered into a substantial Rs 5 crore contract, marking a significant stride in their mission to bolster cybersecurity measures for large corporations. This endeavour takes shape through a strategic partnership with Rural Infratel International Limited, a well-established entity in the telecommunications and infrastructure sector.

The company’s net profit increased from Rs 1 crore to Rs 1.67 crore. Globesecure Technologies was listed on the SME platform of NSE in May 2022, when the company raised Rs 10.13 crores by selling its shares for Rs 29 per equity share with a face value of Rs 10 each.

Globesecure is a Cyber Security Partner, specialising in assessing, designing, deploying, and sustaining the security posture of large enterprises for their data and information. The company is planning to develop integration software for automation, orchestration, and AI-based products to cater to the health sector and quant financial sector where there is a scope for data analytics and machine learning. Headquartered in Mumbai, Globesecure Technologies Ltd was incorporated in 2016.

ALSO READ-Nifty Midcap and Smallcap Indices Carry 25% Premium

Previous Story

Jet Set Go Unveils Guide to Booking Luxury Private Jets

Next Story

Ahmedabad’s Winter Wonderland Returns for 2nd Edition

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop

Don't Miss

Govt has no plans for divestment of BSNL

“There is no plan under consideration for disinvestment of BSNL,”

BSNL’s total net loss Rs 57,671 crore since inception

The Ministry informed that BSNL and MTNL have been playing