Himachal Futuristic Communications Ltd (HFCL) has received Advance Purchase Orders worth Rs.305 crore and Rs.278 crore approx. aggregating to Rs.583 crore from Bharat Broadband Network Nigam Limited, New Delhi vide its two letters both dated 9th July, 2018 respectively for Survey, Planning, Supply, Installation, end-to-end Integration, Testing and Commissioning, of Optical Fibre Cable (OFC) GPON network and Radio Network, Operation and Maintenance for a period of eight years and facilitating services provisioning of the created network in the State of Punjab under BharatNet Phase - II programme of Government of India.
Under this Turnkey Project, around 3224 Gram Panchayats in 36 Blocks will get Broadband connectivity.
BharatNet Programme forms one of the Key Pillars of Digital India Program. It is a project of national importance, envisage to connect & provide broadband connectivity at around 2,50,500 Gram Panchayats in the country.
Shares of HIMACHAL FUTURISTIC COMMUNICATIONS LTD. was last trading in BSE at Rs.30.05 as compared to the previous close of Rs. 29.15. The total number of shares traded during the day was 1360947 in over 1699 trades.
The stock hit an intraday high of Rs. 30.25 and intraday low of 29.3. The net turnover during the day was Rs. 40637661.