Introduction:
Leading telecom player has secured a ₹2,501.30 crore order from BSNL for BharatNet Phase III, focusing on designing, upgrading, and maintaining the middle-mile network in Punjab to enhance rural connectivity and bridge the digital divide.
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Share price movement of HFCL:
On January 17, 2025, HFCL Ltd opened at ₹105.45, up 0.83% from its previous close of ₹102.40. The stock hit a high of ₹106.80 (4%) and a low of ₹103.15. By 9:56 AM, it traded at ₹103.25, a 0.83% increase, with a market cap of ₹14,895.60 crore.
HFCL Secures ₹2,501 Crore BharatNet Phase III Order:
HFCL Limited announced it has received an Advance Work Order worth ₹2,501.30 crore from BSNL for BharatNet Phase III. The project includes designing, upgrading, and maintaining the middle-mile network in Punjab under the Design-Build-Operate-Maintain model.
The contract spans three years for construction and ten years of maintenance. It will connect 640,000 villages to high-speed internet, aligning with India’s ‘Digital India’ vision. HFCL’s role ensures enhanced internet access to 250,000 gram panchayats, reducing the digital divide.
This landmark project signifies HFCL’s commitment to boosting rural connectivity. The order comprises ₹1,244.61 crore for capital expenditure and ₹1,256.70 crore for operational expenses over ten years, reinforcing its role as a key player in India’s telecom infrastructure.
Recent news on HFCL:
As of December 24, 2024, HFCL Ltd inaugurated a defence manufacturing facility in Hosur, Tamil Nadu, to produce thermal weapon sights, electronic fuzes, high-capacity radio relays, and surveillance radars, showcasing its commitment to indigenous defence technology development.
Stock performance of HFCL for Period of 1 week, 6 months and 1 year:
HFCL Ltd has delivered a 1.86% return over the past week, reflecting short-term positive momentum. However, over six months, the stock has declined by 11.4%, indicating a challenging period. On a one-year horizon, it has shown resilience, gaining 21.0%.
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Shareholding pattern of HFCL:
| All values in % | Dec 2024 | Sep 01, 2024 | Jun 01, 2024 |
| Promoter | 35.90% | 36.20% | 37.60% |
| FII | 6.70% | 6.70% | 7.00% |
| DII | 11.00% | 10.40% | 9.10% |
| Public | 46.40% | 46.70% | 46.20% |
| Others | 0% | 0.10% | 0.10% |
About HFCL:
HFCL Ltd (NSE Symbol: HFCL) is a leading telecom infrastructure enabler, specializing in telecom development, system integration, and manufacturing high-end telecom equipment, including Optical Fiber, OFC, Wi-Fi solutions, cloud-based systems, and railway communication solutions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
