HFCL Limited has once again underscored its critical role in India’s digital transformation, announcing a significant new contract. The company informed stock exchanges on June 17, 2026, about securing an order valued at approximately INR 2666.09 Crores from Rail Vikas Nigam Limited (RVNL).
This substantial contract pertains to the ambitious BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle. The scope of work is comprehensive, encompassing the supply of telecom equipment and accessories, along with installation and commissioning. Crucially, it also involves the creation of an Optical Fiber Cable Telecom Network and, significantly, the maintenance of the project for a period of 10 years, which includes a one-year warranty.
Financially, approximately INR 1192.82 Crores is for Capital Expenditure (Capex) and INR 1473.27 Crores for Operational Expenditure (Opex), highlighting the long-term revenue visibility from the maintenance component.
This latest win builds upon HFCL’s robust track record. It comes as an addition to an earlier contract worth INR 2,167.65 Crores, also awarded by RVNL for BharatNet Phase-III projects in both Uttar Pradesh (East) and (West) Telecom Circles, which was announced on January 23, 2025. This successive bagging of large-scale projects demonstrates RVNL’s confidence in HFCL’s capabilities and reinforces the company’s strong position in the domestic telecom network domain.
For investors, these contracts signal consistent revenue growth and a strengthening order book, particularly in critical government-backed infrastructure initiatives. HFCL’s continued commitment to delivering high-quality digital connectivity projects positions it well to capitalize on India’s expanding digital landscape.