HFCL Restricted and its consortium companions have emerged because the lowest bidders for a number of contracts value over ₹8,100 crore within the BharatNet Section III venture, the corporate introduced at this time.
The HFCL-led consortium, which incorporates Rail Vikas Nigam Restricted (RVNL) and Aerial Telecom Options Non-public Restricted, secured bids valued at roughly ₹6,925 crore to offer middle-mile community infrastructure in Uttar Pradesh East and West areas.
The shares of HFCL Restricted had been buying and selling at ₹128.89 up by ₹2.10 or 1.66 per cent on the NSE at this time at 1.40 pm.
Moreover, HFCL independently received the bid for the Punjab circle, valued at ₹1,244 crore. The corporate will obtain subsequent operations and upkeep (O&M) orders value ₹4,155 crore for the UP initiatives and ₹746 crore for Punjab over a 10-year interval.
The BharatNet Section III initiative goals to attach 6.4 lakh Indian villages with high-speed web, concentrating on over 250,000 gram panchayats with a minimal bandwidth of 100 Mbps. The venture is designed to bridge the digital divide in rural and underserved areas.
HFCL Managing Director Mahendra Nahata highlighted the corporate’s numerous product portfolio, together with routers, optical fiber cables, and transport options, positioning it to fulfill this system’s necessities.
The corporate operates manufacturing amenities in Hyderabad, Goa, Chennai, and Manesar, producing telecom tools underneath the federal government’s Manufacturing-Linked Incentive (PLI) Scheme.
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