HFCL Limited saw a 4% jump in its stock price after securing major contracts under the BharatNet Phase III projects worth over Rs 8,100 crores.
The company, and its consortium partners HFCL-Rail Vikas Nigam Limited (RVNL) and Aerial Telecom Solutions Private Limited, emerged as the lowest bidder for middle-mile network projects in Uttar Pradesh (East) and Uttar Pradesh (West), valued at ₹6,925 crores.
As part of the deal, HFCL’s consortium will also handle a 10-year Operations & Maintenance (O&M) contract worth ₹4,155 crores. Additionally, HFCL secured the top bid for the Punjab region with an estimated ₹1,244 crore contract and a ₹746 crore O&M order.
As of 12:30 pm, HFCL shares were trading 4.88% higher at Rs 132.98 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
