HFCL Limited, a leading technology company specializing in digital networks, has made a significant breakthrough in the BharatNet Phase III project. The company, in partnership with Rail Vikas Nigam Limited (RVNL) and Aerial Telecom Solutions Private Limited, has been declared the Lowest Bidder for a bid worth ₹6,925 Crores. This bid focuses on providing a middle-mile network in the Uttar Pradesh (East) and Uttar Pradesh (West) regions under the Government of India’s BharatNet Phase III program. This massive initiative is aligned with the government’s vision of bridging the digital divide, especially in underserved rural areas.

In addition to the consortium bid, HFCL has independently emerged as the top bidder for the Punjab circle with a bid of ₹1,244 Crores. Both bids also include significant Operation & Maintenance (O&M) orders valued at ₹4,155 Crores for the consortium and ₹746 Crores for HFCL’s standalone Punjab project, ensuring long-term engagement in the project’s maintenance phase.

The BharatNet Phase III aims to extend high-speed broadband connectivity to more than 250,000 gram panchayats (GPs) across the country, supporting the government’s ‘Digital India’ initiative. The program targets a minimum bandwidth of 100 Mbps at each GP, enabling services like e-health, e-education, and e-governance. This phase of the project is expected to link all 640,000 villages in India with robust fiber-optic networks, transforming rural connectivity.

As one of India’s foremost telecom infrastructure providers, HFCL’s involvement in such a large-scale project underscores its ability to deliver advanced network solutions. The company’s extensive portfolio, including optical fiber cables, telecom equipment, and system integration services, positions it as a strong partner in realizing the vision of a connected India.

Mr. Mahendra Nahata, Managing Director of HFCL, emphasized the company’s commitment to supporting the BharatNet Phase III initiative, citing its proven track record in executing critical projects for the Government of India. HFCL is dedicated to addressing the digital connectivity gaps in rural India, contributing to the government’s goal of ensuring equitable broadband access nationwide.

With state-of-the-art manufacturing plants for optical fiber and telecom equipment and a robust R&D infrastructure, HFCL continues to drive the development of cutting-edge technology solutions. The company remains committed to innovation and the ‘Make in India’ initiative, aligning with the government's efforts to build a sustainable and advanced telecommunications ecosystem.

The Upcoming IPOs in this week and coming weeks are Mangal Compusolution, Onyx Biotec, Rosmerta Digital, NTPC Green, Avanse Financial, Nisus Finance and Black Buck.

The Current active IPO are  Niva Bupa Health and Neelam Lines and Garments.

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