HFCL Secures ₹2,666 Crore BharatNet Phase-III Contract from RVNL
HFCL Limited secured a ₹2,666.09 Crore contract from Rail Vikas Nigam Limited (RVNL) for the BharatNet Phase-III project in Uttar Pradesh (West). The contract includes supply, installation, commissioning, network creation, and 10 years of maintenance. This adds to a previous ₹2,167.65 Crore award. The new contract has a Capex of ~₹1192.82 Crores and Opex of ~₹1473.27 Crores, with a 2-year implementation period.
The contract value of over ₹2,600 Crores is substantial and directly contributes to the company's order book and future revenue, indicating a significant positive impact.
The company has secured a significant new contract, which is positive for its business outlook and revenue prospects.
HFCL Limited has announced that it has been awarded a significant contract worth approximately ₹2,666.09 Crores by Rail Vikas Nigam Limited (RVNL). This contract is for the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle.
The scope of the contract encompasses the supply of telecom equipment and related accessories, including installation and commissioning. It also involves the creation of an Optical Fiber Cable Telecom Network and a maintenance period of 10 years, which includes a one-year warranty.
This new award is in addition to a previous contract of ₹2,167.65 Crores secured from RVNL for BharatNet Phase-III projects in Uttar Pradesh (East) and Uttar Pradesh (West) Telecom Circles, which was intimated on January 23, 2025. The company highlighted that the contract is a testament to its strengthening position in the telecom network domain and its commitment to executing large-scale digital connectivity projects.
The contract is considered to be in the normal course of business. The consideration of approximately ₹2,666.09 Crores is broken down into Capex of ~₹1192.82 Crores and Opex of ~₹1473.27 Crores. The execution timeline includes two years for implementation and ten years for operations and maintenance (O&M), plus a one-year warranty period. Neither the promoter nor group companies have any interest in RVNL, and the contract does not fall under related party transactions.
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HFCL Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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