Himachal Futuristic Communications (HFCL), has received an Advance Purchase Order worth Rs 3.66 billion approx. from Bharat Sanchar Nigam, New Delhi vide its letter dated 16th October, 2018.

The scope of work under the above contract inter-alia includes Survey, Procurement, Supply, Trenching, Laying, Installation, Testing and Maintenance of Optical Fiber Cables, Accessories and GPON Equipment in the State of Assam under BharatNet Phase-II Network of Government of India under Package AS-1.

The aforesaid contract also includes Operation and Maintenance Services for a period of seven years after the warranty of one year.

Under this Package, around 601 Gram Panchayats in 58 Blocks will get Broadband connectivity.

BharatNet Programme forms one of the Key Pillars of Digital India Program. It is a project of national importance, envisage to connect & provide broadband connectivity at around 2,50,500 Gram Panchayats in the country.

Shares of the company declined Rs 0.1, or 0.49%, to trade at Rs 20.30. The total volume of shares traded was 108,835 at the BSE (9.59 a.m., Tuesday).