HFCL Ltd’s shares jumped up to 2% on February 13 after the telecommunications company announced that it bagged a Rs 141-crore order from Bharat Sanchar Nigam Limited (BSNL) for backhauling solutions. 

HFCL shares hit an intraday high of Rs 96, 2.07% higher than its previous closing price on the National Stock Exchange (NSE). At 02:30 pm, the stock was trading 1.06% higher at Rs 95.05.

HFCL Ltd announced in an exchange filing on February 13 that it has successfully secured a purchase order worth Rs 141 crore, including capital expenditure of Rs 119 crore and Rs 22 crore annual maintenance contract, from BSNL for the supply of indigenously designed and manufactured Unlicensed Band Radios (UBRs) and other associated services.

The order is part of a Rs 179 crore Advance Purchase Order issued by BSNL to the company, and the balance order of Rs 38 crore is expected to be released on completion of supply against the current purchase order.

HFCL will supply UBRs operating in the 5GHz frequency band with 1Gbps capacity to support BSNL’s 4G network. Under the purchase order, the scope of work includes initial planning, on-site surveys, supply of telecom equipment, installation, testing, operations and annual maintenance, among other services.