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HFCL along with consortium partners secures orders over Rs 8100 crore

11 Nov 2024 Evaluate

HFCL has emerged as the top bidder for Punjab circle for a bid value of around Rs 1244 crore in the BharatNet phase III tenders, on standalone basis. Furthermore, HFCL is expected to secure 10 years of O&M order valued at around Rs 746 crore with annual rates of 5.5% per annum of capex for 1st five years and 6.5% per annum of capex for next five years, after commissioning of the first ring of network.

Further, HFCL-Rail Vikas Nigam (RVNL)-Aerial Telecom Solutions, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam (BSNL), for bids valued at around Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme of the Government of India.

Additionally, the Consortium will be awarded 10 years of O&M order at an annual rate of 5.5% of capex for 1st five years and 6.5% for the subsequent five years which will be of worth around Rs 4,155 crore, after commissioning of the first ring of network.

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL facilities in Chennai and Hosur.


HFCL Share Price

89.37 1.28 (1.45%)
16-Apr-2026 11:41 View Price Chart
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