HFCL-Rail Vikas Nigam (RVNL)-Aerial Telecom Solutions, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam (BSNL), for bids valued at Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme of the Government of India.
Additionally, the Consortium will be awarded 10 years of O&M order at an annual rate of 5.5% of capex for 1st five years and 6.5% for the subsequent five years which will be of worth Rs 4,155 crore, after commissioning of the first ring of network.
HFCL has also emerged as the top bidder for Punjab circle for a bid value of Rs 1244 crore in the BharatNet Phase III tenders, on standalone basis.
Furthermore, HFCL is expected to secure 10 years of O&M order valued at around Rs 746 crore with annual rates of 5.5% per annum of capex for 1st five years and 6.5% per annum of capex for next five years, after commissioning of the first ring of network.