HFCL Limited has informed the Exchange about bagging of Purchase Order aggregating to INR 157 Crores approx. from Tera Software Limited, a consortium partner of ITI Limited for BharatNet Project
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HFCL Limited has secured a purchase order worth approximately ₹157 Crores (excluding taxes) from Tera Software Limited, which is a consortium partner of ITI Limited. The order is for the supply of various types of optical fiber cables for the BharatNet Phase III Project in the West Bengal Telecom Circle. The order is domestic in nature and is to be executed within three years. BharatNet is a Government of India initiative aimed at providing broadband connectivity to rural areas, making this a government-backed telecom infrastructure order. The transaction is not a related party transaction and the promoter group has no interest in the awarding entity.
This is a positive development for HFCL as it strengthens the company's order book and provides revenue visibility over the next three years from a government-backed infrastructure project. For shareholders, it signals continued business momentum in the optical fiber cable segment, though the order size needs to be viewed in the context of HFCL's overall annual revenue.