HFCL inks pact with BSNL to execute BharatNet project in Punjab

HFCL has signed an agreement with Bharat Sanchar Nigam Limited (BSNL) to execute the BharatNet Phase III project in Punjab Telecom Circle. This follows the Advance Work Order worth ₹2,501.30 crore received earlier. HFCL is the first company to formalise such an agreement under BharatNet Phase III and will now begin project implementation. HFCL has market cap of ₹12,938 crore.