India's HFCL rises on $282 million rural connectivity contract
18/06/2026 05:17
BUZZ-India's HFCL rises on $282 million rural connectivity contract ** Shares of telecom infra company HFCL HFCL.NS rise 3.1% to 196 rupees, hitting two-week high
** Co bags 26.66 bln rupees ($281.76 mln) order from Rail Vikas Nigam Ltd RAIV.NS for BharatNet Phase-III rural connectivity project in UP (West) Telecom Circle
** Order comes on top of earlier 21.67 bln rupee contract
** Latest contract includes supply of telecom equipment, installing optical fiber cable telecom network, and maintenance for 10 years, including a 1-year warranty period
** YTD, stock up 188.32%
($1 = 94.6200 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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