HFCL shares surge 3% after winning Rs 2,501.30 crore BharatNet Phase III order from BSNL

HFCL’s stock jumped over 3% after securing an Advance Work Order (AWO) worth ₹2,501.30 crore from Bharat Sanchar Nigam Limited (BSNL) under BharatNet Phase III in Punjab Telecom Circle. The project aims to enhance rural connectivity by providing high-speed internet to over 250,000 gram panchayats with minimum speeds of 100 Mbps.

Key Project Details:

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  • Project Value: ₹2,501.30 crore
    • ₹1,244.61 crore for capex
    • ₹746.76 crore for new network maintenance
    • ₹509.94 crore for existing network maintenance
  • Timeline:
    • 3 years for design, construction, and installation
    • 10 years for operation and maintenance
  • Annual Maintenance Costs:
    • 5.5% of capex for the first 5 years
    • 6.5% for the following 5 years

HFCL shares opened at ₹106, hitting a high of ₹106.70 and a low of ₹104.55 today. The stock’s 52-week high stands at ₹171, while the 52-week low is ₹80.25. As of 9:20 AM, the shares were trading 2.50% higher at Rs 104.90.

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