HFCL bags advance purchase order for Rs. 366.36 crore from BSNL

Himachal Futuristic Communications (HFCL), telecom network turnkey implementation company announced that it has received an Advance Purchase Order worth approximately Rs. 366.36 crore from Bharat Sanchar Nigam (BSNL), New Delhi.

HFCL in a press release informed that it received an advance order from BSNL for the survey, procurement, supply, trenching, laying, installation, testing and maintenance of optical fibre cables, accessories and GPON equipment in the State of Assam under BharatNet Phase-II Network of Government of India under Package AS-1. The contract also includes Operation and Maintenance Services for a period of seven years after the warranty of one year.

BharatNet Programme forms one of the Key Pillars of Digital India Program. It is a project of national importance, envisage to connect and provide broadband connectivity at around 2,50,500 Gram Panchayats in the country. Under this package, around 601 Gram Panchayats in 58 Blocks will get broadband connectivity.

The stock on Tuesday, at 10.05 AM was trading at the price of Rs. 20.35 per share, down by 0.25 per cent on BSE. While the BSE Sensex was trading at 33970 which was down by 164 points from its the last close.