HFCL has received an Advance Purchase Order worth Rs.611 crores approx.from Bharat Sanchar Nigam Limited, New Delhi vide its letter dated 17th September, 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.207 crores and Rs.245 crores respectively aggregating to Rs.452 crores. The Company shall also provide Operation and Maintenance Services for a period of seven years at a total cost of Rs.159 crores under this Project.
Under this Project, around 1038 Gram Panchayats in 13 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 HIMACHAL FUTURISTIC COMMUNICATIONS LTD. was last trading in BSE at Rs.22.25 as compared to the previous close of Rs. 23. The total number of shares traded during the day was 996614 in over 1039 trades.
The stock hit an intraday high of Rs. 23.2 and intraday low of 22.15. The net turnover during the day was Rs. 22581302.