HFCL Limited — Updates, 11-11-2024: Press Release

HFCL, in partnership with Rail Vikas Nigam Limited and Aerial Telecom Solutions, has emerged as the lowest bidder for the BharatNet Phase III project, securing contracts valued at approximately ₹6,925 crores for middle-mile network services in Uttar Pradesh. Additionally, HFCL is the top bidder for a ₹1,244 crore contract in Punjab. The project aims to enhance digital connectivity in rural areas, supporting India's 'Digital India' vision and facilitating opportunities for local entrepreneurship.