Apar Industries Ltd. to Monetise KPTCL's 6,100 kms OPGW Fiber Network for 15 Years

Apar Industries Ltd. has entered into a new line of business - Dark fiber monetisation, through its wholly-owned subsidiary APAR Transmission & Distribution Project Private Limited (ATDPPL). ATDPPL has been selected by Karnataka Power Transmission Corporation Limited (KPTCL) to operate, maintain and monetise their existing state-wide 6,100 kms OPGW fiber network for 15 years. This partnership is expected to create a new, long term, recurring revenue stream for APAR within the passive communication infrastructure segment by monetising dark fiber to Telecom Service Providers, Hyperscalers, and Class ‘A’ ISPs. The cashflows generated from the customer every year will be split between ATDPPL and KPTCL in a pre-determined ratio of 60:40. The estimated amount to be invested by APAR is zero, as there is no capex in this project for the term of the agreement. Instead, ATDPPL has to pay a fixed amount of Rs. 5 crore as network rental annually for the period of 15 years.