HFCL Limited has obtained an advance work order (AWO) valued at approximately Rs 25.01 billion from Bharat Sanchar Nigam Limited (BSNL).

This order pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet Phase III in the Punjab telecom circle. The project will be carried out under the design build operate and maintain (DBOM) model, with the construction phase expected to be completed within three years.

Following the construction, a maintenance contract lasting 10 years will be established, with operational expenditure (opex) set at 5.5 per cent per annum of capital expenditure (capex) for the initial five years and 6.5 per cent per annum for the subsequent five years. The total financial breakdown includes Rs 12.44 billion for capex, Rs 7.47 billion for opex related to the newly constructed network, and Rs 5.10 billion for the opex of the existing network.