Himachal Futuristic Communications has received an Advance Purchase Order worth Rs 6.11 billion from Bharat Sanchar Nigam, New Delhi vide its letter dated September 17, 2018 for Survey, Procurement, Supply, Trenching, Laying, Installation, Testing and Maintenance of Optical Fibre Cable (OFC), Accessories and GPON Equipment in the State of Madhya Pradesh under BharatNet Phase - II (for MP-1 Package) Network of Government of India.

The total Material cost and Service cost is Rs 2.07 billion and Rs 2.45 billion respectively aggregating to Rs 4.52 billion. The company shall also provide Operation and Maintenance Services for a period of seven years at a total cost of Rs 1.59 billion under this Project.

Under this Project, around 1038 Gram Panchayats in 13 Blocks will get Broadband connectivity.

Shares of the company declined Rs 1.75, or 7.11%, to trade at Rs 22.85. The total volume of shares traded was 421,730 at the BSE (11.43 a.m., Wednesday).