HFCL bags Rs 3,329 cr order from BSNL, stock surges 5%

New Delhi, Himachal Futuristic Communications Ltd (HFCL) on Tuesday said it has bagged Rs 2,467 crore order, its largest purchase order so far, for a turnkey project from public sector telecom service provider BSNL.

“The project has an additional operations and maintenance (O&M) component of Rs 862 crore to be realised over a period of 10 years from the commissioning of the project,” the company said.

The combined value of the project, therefore, stands at Rs 3,329 crore. The project is to be completed within 18 months.

Investors reacted positively to the new order with the HFCL stock surging 5.31 per cent to Rs 19.85 on the BSE on Tuesday even as the market closed in red.