HFCL order from BSNL bodes well

HFCL has received an advance purchase order worth ₹611 crore from BSNL for broadband connectivity in Madhya Pradesh. The contract is for survey, procurement, supply, trenching, laying, installation, testing and maintenance of optical fibre cable, accessories and GPON equipment in the State under the Centre’s BharatNet programme, HFCL said. The material cost and service cost are ₹207 crore and ₹245 crore, respectively. Invesors will monitor the execution.