Apar Industries subsidiary enters dark fiber network monetization with KPTCL deal

Apar Transmission & Distribution Project Private Limited (ATDPPL), a wholly-owned subsidiary of Apar Industries, has secured a 15-year contract with Karnataka Power Transmission Corporation Limited (KPTCL). This agreement involves operating, maintaining, and monetizing KPTCL's ~6,100 kilometers OPGW fiber network. ATDPPL will market this network capacity through long-term leases to telecom service providers, hyperscalers, and Class 'A' ISPs, generating cash flows from dark fiber utilization.

This strategic move diversifies Apar Industries into the "Network Operator" segment within the brownfield OPGW infrastructure market in India. The company aims to become a data connectivity solution provider in Karnataka.

Under the Public-Private Partnership (PPP) arrangement, ATDPPL will pay a fixed annual network rental of INR 5 crore for the 15-year period. Cash flows generated from customers will be split 60:40 between ATDPPL and KPTCL, respectively. No additional capital expenditure is anticipated for ATDPPL for this project's duration.