HFCL bags orders worth Rs. 583 crore from BBNL

Domestic telecom equipment maker Himachal Futuristic Communications (HFCL) has received orders worth Rs. 583 crore from state-owned Bharat Broadband Network Nigam Limited.

The company has received Advance Purchase Orders worth Rs. 305 crore and Rs. 278 crore, aggregating to Rs. 583 crore from Bharat Broadband Network Nigam Limited, the company said in a BSE filing.

The order is for the survey, planning, supply, installation, end-to-end integration, testing and commissioning of optical fibre cable (OFC) GPON network and Radio Network, Operation and Maintenance for a period of eight years in the state of Punjab. The order includes facilitating provisioning of the created network under government's rural high-speed broadband project BharatNet.

This Turnkey Project aims to provide broadband connectivity to around 3,224 Gram Panchayats in the state.

Under BharatNet project the Government of India is rolling out infrastructure to provide high-speed broadband services across all 2.5 lakh village panchayats in the country.

On Wednesday, the stock of HFCL opened at Rs. 31.10 per share and touched the high/low of Rs. 31.35/Rs. 30.85 and at 10:43 hours, the stock is quoting at Rs. 31 per share.