HFCL Limited experienced a 3% upswing in its shares following the company’s successful bid for a ₹1,127 crore contract from Bharat Sanchar Nigam Limited (BSNL) to modernize its Optical Transport Network (OTN) infrastructure nationwide.
The substantial order aims to cater to the requirements of 5G networks and encompasses an extensive upgrade to support Enterprise, FTTH/Broadband, and future 4G and 5G services.
Teaming up with NOKIA Network, HFCL plans to deploy cutting-edge optical technology across more than 300 network nodes and 2000 amplifier sites. The ambitious 18-month project is anticipated to provide BSNL with an impressive data capacity of 12 terabytes.
Mahendra Nahata, the Managing Director at HFCL, expressed, “In the face of escalating demand for broadband connectivity, HFCL recognizes the critical role of strengthened backhaul transport. By collaborating with our project partner, NOKIA Network, we actively shape the future, making substantial contributions to India’s digital evolution.”
As of 12:53 pm, the company’s shares were trading 2.73% higher at ₹86.45.
