| The central panel has given nod to Bharti Airtel's proposal to lay a 12,091 km long undersea optical fibre cable passing through 8 countries from Marseilles (France) to Juhu Beach (Mumbai). The optical fibre cable will connect from Marseilles (France) to Juhu Beach (Mumbai), passing through countries - Catania (Italy), Tripoli (Lebanon), Alexandria and Suez (Egypt), Jeddah (Saudi Arabia), Fujairah (UAE) and Karachi (Pakistan). According to a source in the Environment Ministry states that the Expert Appraisal Committee for Building Construction, Coastal Regulation Zone, Infrastructure Development and Miscellaneous projects gave the Coastal Regulation Zone clearance to the proposal in a recent meeting held. As per project proponent, the cable network linking will be complemented with 9 terminal stations forming a consortium of 9 leading telecom carriers from 8 countries. The sources said the project eyes to meet the need of increased backhaul communications capabilities along the India-Western Europe route, as well as for increased capacity to support high bandwidth broadband services. The central panel noted that as the project involves mere installation of the optical fibre cable, there was neither any change in the use of the beach nor any production and manufacturing processes involved in it. Whereas, the on-shore construction activities includes - cable installation will be limited to a period of 4 days. The panel asked the project proponent to ensure adequate safety measures to prevent cable damage under sea. Bharti Airtel today closed at Rs.304.35, down by 0.56% on BSE. The stock hit an intraday high of Rs.308 till now, as against the 52-week high of Rs.495.The stock hit a low of Rs.302.55 during the day. The stock had hit a 52-week low of Rs.229.5 on November 27, 2009. The stock opens at Rs.308 at BSE. The total traded volume of the scrip on BSE till now stood at 725413. Meanwhile today, the BSE Sensex closed up by 59.90 points, or 0.34% , at 17460.58. The NSE Nifty closed higher by 26.45 points, or 0.51% , at 5230.1. Bharti Airtel has an equity capital of Rs 1,898.77 crore as of 2009 Dec. The face value per share is Rs 5. At the current price of Rs 304.35, the P/E multiple stood at 14.9326925434617 with book Value of 72.48 and P/BV at 4.20. The total shareholding pattern of the company as on Dec 2009 stood at Promoters- 67.84%, Institutional Investors- 25.45%, General Public- 2.11% and other investors- 4.60%. Considering the current price of Rs. 304.35 at 4:02:00 PM, the stock had underperformed the market over the past one month till 20/04/2010 declined 3.78% as compared to the Sensex's return of 0.29% and NSE Nifty's 0.29 % returns. Considering the current price of Rs. 304.35 at 4:02:00 PM, the stock had underperformed the market over the past one quarter till 20/04/2010 fell 5.53% as compared to the Sensex's return of 2.4% and NSE Nifty's 2.4 % returns. | 
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