New Launch20 Feb 2025, 02:53 am
HFCL Ltd Becomes First Company to Sign Agreement with BSNL for BharatNet Phase-III Programme in Punjab Telecom Circle
AI Summary
HFCL Ltd has announced that it has become the first company to sign an agreement with BSNL as the Project Implementation Agency (PIA) under the BharatNet Phase-III Programme for executing the project in the Punjab Telecom Circle. This announcement comes after the company's previous intimation regarding the receipt of an Advance Work Order (AWO) from BSNL for INR 2,501.30 Crores for executing the BharatNet Phase II Programme in the Punjab Telecom Circle. The company will now take immediate steps to commence project implementation.
Key Highlights
- HFCL Ltd has signed an agreement with BSNL as the Project Implementation Agency (PIA) under the BharatNet Phase-III Programme for executing the project in the Punjab Telecom Circle.
- This makes HFCL Ltd the first company to sign such an agreement with BSNL for the BharatNet Phase-III Programme.
- The company had previously received an Advance Work Order (AWO) from BSNL for INR 2,501.30 Crores for executing the BharatNet Phase II Programme in the Punjab Telecom Circle.
- HFCL Ltd will now take immediate steps to commence project implementation.
- The BharatNet Phase-III Programme aims to provide broadband connectivity to all Gram Panchayats in the country.