HFCL Limited — New Orders, 16-01-2025: Bagging/Receiving of orders/contracts

HFCL Limited has secured an Advance Work Order valued at approximately ₹2,501.30 Crores from Bharat Sanchar Nigam Limited (BSNL) for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet Phase III in the Punjab Telecom Circle. The project aims to connect all 640,000 villages in India with high-speed internet, targeting over 250,000 gram panchayats and providing a minimum bandwidth of 100 Mbps to each. This initiative aligns with the Government's 'Digital India' vision, aiming to enhance digital connectivity in rural and underserved areas. The contract spans three years for construction and includes a ten-year maintenance segment, contributing positively to HFCL's growth trajectory. Investors may view this as a significant opportunity given the project's scale and potential impact on digital infrastructure.