This contract, awarded under the Phase III of BharatNet, involves the supply of optical fiber cables, telecom equipment, and related accessories along with 10 years of annual maintenance, including a one-year warranty period. The project will be executed across the eastern and western telecom circles of Uttar Pradesh.

The project has a three-year timeline for material supply and a ten-year maintenance period. The total contract value includes Rs 1,736.83 crore for capital expenditure and Rs 430.82 crore for operational expenditure.

HFCL is a leading technology company specializing in digital networks for telcos, enterprises, and governments. With its strong R&D expertise and global system integration services, HFCL offers innovative solutions like 5G RAN, 5G Transport, wi-fi, and defense electronics. The company has manufacturing plants in India and a global customer base, committed to quality and environmental sustainability.

The company's consolidated net profit rose 4.50% to Rs 73 crore on a 1.61% decline in revenue to Rs 1094 crore in Q2 September 2024 over Q2 September 2023.

The scrip shed 0.54% to currently trade at Rs 100.40 on the BSE.