HFCL share rises 6% after securing Rs 8,100 crore project

HFCL Ltd

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26 Aug, 2025 12:21

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HFCL shares rose over 6 percent after the company, along with partners Rail Vikas Nigam Ltd (RVNL) and Aerial Telecom Solutions, emerged as the lowest bidder for BharatNet Phase III project bids totalling Rs 8,100 crore.

At 1.30 PM, HFCL shares traded 2 percent higher at Rs 130. The stock has gained 53 percent on a year-to-date basis, outperforming the Nifty 50 by a huge margin which gained 12 percent during the same period.

HFCL and its consortium won the Uttar Pradesh East and West bids valued at Rs 6,925 crore, to build a middle-mile broadband network under the government-backed initiative to expand rural connectivity. This consortium is also slated for an additional operation and maintenance (O&M) contract worth Rs 4,155 crore over a 10-year period.

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Additionally, HFCL secured the top bidder position for the Punjab circle, with a standalone bid of Rs 1,244 crore, which will be followed by a separate 10-year O&M order valued at approximately Rs 746 crore.

BharatNet Phase III is part of India's major broadband push, aiming to connect over 250,000 gram panchayats (GPs) and reach 640,000 villages. Designed to enhance rural broadband infrastructure, this phase targets 100 Mbps speeds to promote services like e-health, e-education, and e-governance. It aims to deliver a minimum of 100 Mbps bandwidth at each GP, bringing every GP online.

HFCL (Himachal Futuristic Communications Ltd) is a multifaceted telecom infrastructure provider, actively engaged in telecom infrastructure development, systems integration, and the production and supply of advanced telecom equipment, including optical fiber and optic fiber cables (OFC).

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