HFCL secures INR2,501.30 crore BSNL advance work order

HFCL (BSE:HFCL) announced today that it has executed an agreement with Bharat Sanchar Nigam Limited (BSNL) for an Advance Work Order (AWO) valued at approximately ₹2501.30 Crores. This order pertains to the BharatNet Phase-III Programme. HFCL will act as the Project Implementation Agency ("PIA") for this project in the Punjab Telecom Circle. The company said it will now take immediate steps to commence project implementation and intends to keep its stakeholders informed about future developments. This announcement follows HFCL's earlier intimation on January 16, 2025, regarding the receipt of the AWO.