HFCL share price rose 4 percent to touch a 52-week high of Rs 88.40 in the early trade on January 1 after the company secured an advance purchase order (APO) of Rs 1,127.27 crores from Bharat Sanchar Nigam Limited (BSNL) to transform the Optical Transport Network (OTN) infrastructure across BSNL’s Pan India network.
At 09:18 hrs HFCL was quoting at Rs 87.48, up Rs 3.32, on the BSE.
The scope of work under the APO includes design, planning of architecture, engineering, supply, installation & commissioning and system integration of OTN equipment across India in BSNL.
HFCL's transformative initiative extends to the enhancement of BSNL's network through OTN upgrades at over 300 large network nodes and 2000 amplifier sites.
The entire installation process is projected to conclude within 18 months.
Following the successful commissioning of the OTN Project, a warranty of one year will commence and thereafter, the company has to provide O&M services for three years along with a comprehensive AMC of eight years which will run concurrently.
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The telecom equipment manufacturer posted a 15.2 percent decline in its net profit of Rs 69 crore in Q2, and the topline went down 5.3 percent year-on-year to Rs 1,111.50 crore in the September quarter.
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