HFCL Limited has secured a contract worth approximately Rs 2,666.09 crore from Rail Vikas Nigam Limited (RVNL) for the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle. The contract was disclosed to the stock exchanges on June 17, 2026, and has been awarded in the normal course of business.
The scope of the contract includes supply of telecom equipment and related accessories with installation and commissioning, creation of an optical fiber cable telecom network, and maintenance of the project for a period of 10 years including a one-year warranty period. The contract comprises a capital expenditure component of approximately Rs 1,192.82 crore and an operating expenditure component of approximately Rs 1,473.27 crore.
This order is in addition to the earlier contract of Rs 2,167.65 crore awarded to HFCL by RVNL for BharatNet Phase-III projects in the Uttar Pradesh (East) and Uttar Pradesh (West) Telecom Circles, announced on January 23, 2025. With this new order, HFCL has secured combined contracts worth approximately Rs 4,833.74 crore from RVNL for BharatNet Phase-III initiatives.
The implementation period for the contract is two years, followed by 10 years of operations and maintenance. The contract does not involve any related party transactions, and no promoter or promoter group entities have any interest in the entity that awarded the contract.
HFCL will supply telecom equipment and accessories besides creating the optical fiber cable network for the project. The BharatNet Phase-III project aims to expand broadband connectivity in rural areas across the country.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.