HFCL bags Advance Purchase Order for Rs.611 crore approx from BSNL

Deepthi | Myequity news | Date : 19-09-2018 09:30:00 IST

HFCL received an Advance Purchase Order worth Rs.611 crores approx. from Bharat Sanchar Nigam Limited, New Delhi vide its letter dated 17th September, 2018 for Survey, Procurement, Supply, Trenching, Laying, Installation, Testing and Maintenance of Optical Fibre Cable (OFC), Accessories and GPON Equipment in the State of Madhya Pradesh under BharatNet Phase – II (for MP-1 Package) Network of Government of India. The total Material cost and Service cost is Rs.207 crores and Rs.245 crores respectively aggregating to Rs.452 crores. The Company shall also provide Operation and Maintenance Services for a period of seven years at a total cost of Rs.159 crores under this Project.

Under this Project, around 1038 Gram Panchayats in 13 Blocks will get Broadband connectivity.

BharatNet Programme forms one of the Key Pillars of Digital India Program. It is a project of national importance, envisage to connect & provide broadband connectivity at around 2,50,500 Gram Panchayats in the country.

About Himachal Futuristic Communications Ltd:

Himachal Futuristic Communications Ltd is one of the largest Telecom equipment suppliers of Transmission equipment, Terminal equipment, Access equipment and Fibre Optic Cable in India. The company is also providing Turnkey services to various operators and large multinationals operating in the country. Their manufacturing facilities are located at Solan in Himachal Pradesh, Salcete in Goa and New Delhi.

More from Myequity