The contract entails the provision of telecom gear and associated equipment with set up and commissioning, creation of an optical fiber cable telecom community, and upkeep of the project for a interval of 10 years, together with a one-yr guarantee interval.
The execution timeline for the project is 2 years for implementation, adopted by 10 years of operations and upkeep. The entire contract worth of ₹2,666.09 crore features a capital expenditure element of ₹1,192.82 crore and an working expenditure element of ₹1,473.27 crore.
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HFCL famous that this order is in addition to an earlier ₹2,167.65 crore contract awarded by RVNL for BharatNet Phase-III initiatives in Uttar Pradesh (East) and Uttar Pradesh (West) telecom circles, which was intimated on January 23, 2025.
The corporate acknowledged that the contract has been acquired in the traditional course of enterprise. HFCL confirmed that the promoter or promoter group has no curiosity in the awarding entity and that the order doesn’t fall underneath associated social gathering transactions.
This month, HFCL accepted a number of transactions to consolidate and develop its defence and aerospace enterprise by way of HFCL Advance Techniques Non-public Ltd (HASPL). HFCL accepted an funding of ₹89.25 crore in HFCL Advance Techniques Non-public by way of subscription to fairness shares in two tranches underneath a share subscription settlement.
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The corporate mentioned a complete funding of ₹175 crore can be made in HFCL Advance Techniques Non-public by HFCL, Anant Nahata, Sushant Mohan Gupta, Shubhra Gupta, BAS Engineering Non-public Restricted and ITI Holdings and Funding Non-public Ltd.
Publish completion of the transaction, HFCL will maintain 51.02% stake in HFCL Advance Techniques Non-public. ITI Holdings and Funding Non-public Restricted and the proposed HFCL Advance Worker Belief will every maintain 14.99%, whereas Anant Nahata will maintain 6.50%. Sushant Mohan Gupta and Shubhra Gupta will every maintain 4.75%, and BAS Engineering Non-public Restricted will maintain 3%.
Shares of HFCL Ltd ended at ₹190.20, down by ₹1.25, or 0.66%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
First Printed: Jun 17, 2026 6:57 PM IST
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