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BPL to invest Rs 4 billion in fibre optics

Indian consumer electronics firm BPL Limited has signed an agreement with the government of the southern Indian state of Karnataka to invest Rs 4 billion to lay fibre optic networks in that state, a state government official said at an investment seminar on Monday.

The company's stock was up 7.9 per cent at Rs 164 on Monday at the Bombay Stock Exchange.

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