Telecom stock hits 10% upper circuit after completing stage 1 of OFC network

SYNOPSIS: Kore Digital completed Stage 1 of the Samruddhi Mahamarg OFC project, activating a high-capacity fiber corridor and enabling RF surveys, despite monsoon delays. Stage 2 begins in December, advancing full telecom integration.

During Monday’s morning trading session, shares of one of Maharashtra’s most progressive telecom infrastructure providers hit a 10 percent upper circuit on NSE, after completing the Samruddhi Mahamarg Optic Fiber Cable (OFC) Network initiative with the successful completion of Stage 1.

At 10:32 a.m., the shares of Kore Digital Limited were trading in the green at Rs. 158.85 on NSE, up by around 7 percent, as against its previous closing price of Rs. 148.85, with a market cap of Rs. 191 crores. The stock hit its 52-week high at Rs. 646.33 on 18th December 2024, and is trading at a discount of more than 75 percent from its current price levels.

What’s the News:

According to the latest disclosures filed with the NSE, Kore Digital Limited has announced achieving a major milestone in the Samruddhi Mahamarg Optic Fiber Cable (OFC) Network project with the successful completion of Stage 1.

This first phase establishes a high-capacity, fully operational fiber corridor extending from Amne Toll Plaza to Mumbai, forming the backbone for a next-generation communication network along one of Maharashtra’s most strategically important transport routes.

With this phase now energized, Kore Digital has delivered a resilient optical backbone designed to support seamless mobility for emerging technologies and enable mission-critical digital services essential for transport, logistics, and emergency response systems.

All key civil works, ducting activities, and fiber activation for Stage 1 have been completed. The corridor is now open to telecom operators for Radio Frequency (RF) survey operations, during which tower locations, signal patterns, and BTS requirements will be mapped to define the expressway’s mobile network architecture in the months ahead.

The project experienced a natural slowdown due to an extended monsoon season, delaying field activity by roughly 45 days. Despite this, deployment teams maintained execution quality and ensured that all Stage 1 deliverables met Kore Digital’s stringent technical benchmarks. With RF assessments now in progress, Stage 2 is scheduled to commence in the third week of December 2025.

The next phase will mark the transition from passive fibre infrastructure to active telecom enablement, involving hardware deployment, site commissioning, and integrated network rollout across a wider stretch of the expressway.

Financials & More:

Kore Digital reported a decline in consolidated revenue from operations, experiencing a quarter-on-quarter decrease of around 36 percent, from Rs. 157 crores in Q1 FY26 to Rs. 101 crores in Q2 FY26. Likewise, the company’s net profit fell during the same period, from Rs. 14 crores to Rs. 11 crores, reflecting a decline of more than 21 percent QoQ.

Kore Digital Limited was established with the objective of providing advanced communication solutions to corporates and Telecom Network Operators. Presently, the company is a growing passive telecommunication infrastructure provider in Maharashtra, primarily engaged in the installation and commissioning of poles, towers, and Optical Fibre Cable (OFC) systems. 

“Passive infrastructure” refers to telecommunication towers that support wireless services, while OFC enables the hosting and functioning of active infrastructure required for transmitting signals and carrying voice and data traffic. As a passive communication infrastructure company, KDL focuses on providing infrastructure services to Telecom Network Operators, Broadband Service Operators, and Internet Service Providers (ISPs) across Maharashtra, particularly in and around Mumbai.

The company has successfully deployed over 600 cell sites across Mumbai and has built an optical fibre backbone that stretches over 700 km across the city and its adjoining districts. Its client base features prominent names such as Reliance Jio, Vodafone Idea, Bharti Airtel, and Tata Teleservices

Written by Shivani Singh

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