HFCL 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 agreement strengthens the company's position in the telecom network domain by adding a large-scale digital connectivity project to its order book. The contract involves a capital expenditure component of ₹1,192.82 crore and an operational expenditure component of ₹1,473.27 crore.

Scope of Work

The scope of the contract encompasses the supply of telecom equipment and related accessories, along with their installation and commissioning. Additionally, HFCL is responsible for the creation of an Optical Fiber Cable (OFC) Telecom Network. The company will also provide maintenance services for the project for a period of 10 years, which includes a 1-year warranty period. The project is to be executed over a period of two years for implementation, followed by 10 years of operations and maintenance.

Contract Details

The following table outlines the key parameters of the awarded contract:

Prior Order from RVNL

This new award is in addition to a previous contract valued at ₹2,167.65 crore, which RVNL awarded to HFCL for BharatNet Phase-III projects in the Uttar Pradesh (East) and Uttar Pradesh (West) Telecom Circles. The earlier contract was intimated to the stock exchanges on January 23, 2025.

Compliance and Disclosures

The contract was awarded by a domestic entity and falls within the normal course of business for HFCL. There are no interests held by the promoter, promoter group, or group companies in RVNL, and the transaction does not qualify as a related party transaction. The disclosure was made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

HFCL Limited will engage with investors and analysts through a Defence Conference and a plant visit scheduled for June 11 and June 12, 2026, respectively. The company's management will participate in these events to discuss general business updates and industry developments, providing stakeholders with insights into its operations and sector trends.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the schedule for these interactions. The management will attend the Defence Conference hosted by DAM Capital on Thursday, June 11, 2026, in Hyderabad. This event will facilitate group and one-on-one interactions with investors.

Following the conference, the company will host a plant visit for institutional investors on Friday, June 12, 2026. The visit will take place at HFCL's manufacturing facilities located in Hyderabad. During the visit, institutional investors will interact with the senior management to discuss general business updates and industry developments.

The company noted that the schedule may undergo changes due to exigencies on the part of the company or investors. Information already in the public domain will be shared with the investors during these sessions. In compliance with regulation 46(2)(o) of the SEBI Listing Regulations, the information regarding these events has been hosted on the company's website.