HFCL bags Purchase order worth Rs 141 crore from BSNL

A leading technology enterprise and integrated next-gen communication solution provider unit, HFCL Limited has secured a purchase order worth Rs 141 crore from BSNL (Bharat Sanchar Nigam Limited) out of the advance purchase order worth Rs 179 crore issued to the company.

The balance order of approximately Rs 38 crore is expected to be released on completion of supply against the current purchase order. This significant bagging would foster the company's position as a leader in indigenous 4G and 5G backhauling solutions.

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

The landmark deal is subjected to supply indigenously designed and developed UBRs in a 5Ghz frequency band with 1 GBPS capacity. This would help BSNL build their PAN India 4G and 5 G-ready network infrastructure while enabling substantial savings in network roll-out and spectrum usage charges.

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits

HFCl is a leading technology company specializing in creating digital networks for telecom, enterprise, and government. As per the industry report from Markets & Markets, the global mobile and wireless backhauling market, valued at 9.3 billion dollars in 2020, is projected to reach 15.5 billion dollars by 2026, with a compound annual growth rate (CAGR) of 8.8 percent during the forecast period.

Read Also : India assumes the Chair of Asian Disaster Preparedness Centre