HFCL bags about INR 2666 cr BharatNet Phase-III contract from RVNL

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Price reaction · full curve 14 horizons · vs prior close

+10.6%1-day move

₹189.44

prior close

₹197.13

base price

After-mkt

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AI summary

HFCL has secured a contract worth about INR 2,666.09 crores from Rail Vikas Nigam Limited (RVNL) for the BharatNet Phase-III project in Uttar Pradesh (West) telecom circle. The work includes supply of telecom equipment with installation, creation of optical fiber cable network, and 10 years of maintenance. Split is INR 1,192.82 crores capex and INR 1,473.27 crores opex. Implementation period is 2 years with 10 years of O&M including 1 year warranty. This is in addition to an earlier INR 2,167.65 crores contract from RVNL announced in January 2025.

Likely market impact

Large government order significantly boosts order book and provides multi-year revenue visibility, supportive for the stock.