HFCL Share Price Hits 5% Upper Circuit on Securing ₹2,666.09 Crore BharatNet Phase-III Contract from RVNL

HFCL Limited has secured a contract worth approximately ₹2,666.09 crore from Rail Vikas Nigam Limited (RVNL) for the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle. 

The order further strengthens HFCL's position in the telecom infrastructure segment and expands its participation in India's rural digital connectivity initiatives.  

HFCL Wins Major BharatNet Phase-III Order 

The contract has been awarded by RVNL and pertains to the BharatNet Phase-III programme, which aims to enhance broadband connectivity across rural and underserved regions. 

The latest award comes in addition to an earlier ₹2,167.65 crore BharatNet Phase-III contract secured by HFCL for projects in Uttar Pradesh telecom circles.  

Scope Includes Network Deployment and Maintenance 

Under the contract, HFCL will supply telecom equipment and related accessories along with installation and commissioning services. 

The scope also includes the creation of an optical fibre cable telecom network and maintenance of the project for a period of 10 years, including a one-year warranty period.  

Order Value Stands at ₹2,666.09 Crore 

The total contract value is approximately ₹2,666.09 crore, comprising capital expenditure of about ₹1,192.82 crore and operational expenditure of around ₹1,473.27 crore. 

The order represents one of the company's significant contract wins in the telecom infrastructure space.  

Execution to Span More Than a Decade 

HFCL will complete the implementation phase of the project within 2 years. 

Following deployment, the company will undertake operations and maintenance activities for 10 years, including the warranty period.  

Strengthens Presence in Digital Connectivity Projects 

The latest contract reinforces HFCL's role in large-scale telecom network development projects across the country. 

The company continues to focus on expanding broadband infrastructure and supporting digital connectivity initiatives through fibre network deployment and telecom solutions.  

Read More: HFCL Share Price Rallies 4% After Defence Business Restructuring Plans; Up 200% in Just 3 Months! 

HFCL Share Price Performance 

As of 18 June 2026, at 12:14 PM, HFCL share price was locked at an upper circuit limit of ₹199.63 per share, reflecting a gain of 5% from the previous trading session. 

Conclusion 

HFCL has secured a ₹2,666.09 crore BharatNet Phase-III contract from RVNL for the Uttar Pradesh (West) Telecom Circle. The project covers telecom equipment deployment, fibre network creation, and long-term maintenance services, strengthening the company's order book and presence in India's digital infrastructure sector.  

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