HFCL Ltd - Announcement under Regulation 30 (LODR)-Press Release / Media Release

We are pleased to announce to all our stakeholders that HFCL-Rail Vikas Nigam Limited (RVNL)-Aerial Telecom Solutions Private Limited, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam Limited (BSNL), for bids valued at approx. ?6,925 Crores to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme of the Government of India. HFCL has also emerged as the top bidder for Punjab circle for a bid value of approx. ?1244 Crores in the BharatNet Phase III tenders, on standalone basis. The Company is dedicated to executing this landmark project in close partnership with BSNL and the Government's vision of a 'Digital India,' aiming to close the digital gap, especially in rural and underserved regions. We are enclosing herewith a Press Release in this regard.