Clear Secured Services Limited has secured a significant contract worth ₹156.46 crore from BSNL to execute Engineering, Procurement, and Construction (EPC) and maintenance work under the 4G saturation project. The contract encompasses the supply and erection of Ground Based Towers (GBTs) and infrastructure as a service provider (IaaS) for supply and installation, followed by operations and maintenance (O&M) for five years. This project targets uncovered villages in Cluster H, which includes the Bihar, Jharkhand, UP (E), UP (W), Punjab, and Haryana Circles.

The financial breakdown of the order reveals that approximately 80% of the total value is allocated towards the EPC of 299 towers across the specified circles. The remaining 20% of the order value is dedicated to the O&M contract, which is initially set for a period of five years with a possibility of extension for an additional five years. The total contract value includes GST.

Contract Details

Vimal Dubey, Chairman and Managing Director of Clear Secured Services Limited, expressed optimism regarding the order win. He stated that the company aims to deliver the project within nine months and maintain it for the stipulated period. Dubey further highlighted that this contract could open avenues for the company to participate in EPC contracts in other sectors such as Transmission & Distribution, Railways Kavach Projects, CCTV surveillance, solar projects, and optical fibre projects from various public sector undertakings and autonomous bodies domestically and internationally.

The company submitted the disclosure to the National Stock Exchange of India Limited on May 30, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Clear Secured Services Limited is listed on the NSE SME exchange.

Clear Secured Services Limited reported a 64.4% surge in consolidated profit after tax to ₹30.20 crore for the financial year ended March 31, 2026, driven by a 62.5% increase in revenue to ₹784.58 crore. The facility management and security solutions provider attributed the growth to the execution of large projects and the acquisition of multi-year contracts, including a significant win from a multinational banking service provider.

The company’s consolidated EBITDA for FY26 stood at ₹59.9 crore. For the half-year ended March 31, 2026 (H2 FY26), Clear Secured Services reported total revenue of ₹465.34 crore and an EBITDA of ₹28.99 crore. Profit after tax for H2 FY26 was ₹13.32 crore, compared to ₹16.89 crore in the first half of the fiscal year.

Consolidated financial performance

The company’s financial results for FY26 reflect strong growth across key metrics compared to the adjusted figures from the previous year.

Strategic orders and expansion

During the first half of FY26, the company secured new orders worth ₹97.33 crore from clients such as MMRDA, Mumbai Metro Rail Corporation, and Maha Mumbai Metro Operation Corporation for manpower outsourcing and maintenance activities. In the second half, Clear Secured Services won a contract worth over ₹200 crore per annum from a leading multinational banking service provider. This five-year contract covers security, manpower, maintenance, and business support services.

Corporate developments

Clear Secured Services successfully listed its shares on the NSE SME platform on December 8, 2025, following a maiden public offering that raised ₹85.6 crore. Vimal Dubey, Chairman and Managing Director, credited the financial performance to the team's ability to execute large projects and expressed an optimistic outlook for FY2027.