HFCL gets orders worth Rs 128 crore from BSNL
HFCL gets orders worth Rs 128 crore from BSNL
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Himachal Futuristic Communications Limited (HFCL), a domestic telecom equipment maker, has received an order worth Rs 128 crore from public telecom service provider Bharat Sanchar Nigam Limited (BSNL). 

In the information given to the Bombay Stock Exchange, HFCL said that it has received an order to supply packet microwave radio system for BSNL across the country. The price of this order is 128 crores. 

The company said that order to buy equipment is part of a transformational project. Apart from this, the company will also be working to keep annual maintenance and equipment for BSNL.

The petition claimed that in 2011, BSNL had invited tender for north, south and east zones for 14.37 million GSM mobile telephone lines on a turnkey basis and following a transparent competitive bidding process, M/s ZTE emerged as the successful bidder for all three zones at a cost of Rs 4,204.85 crore.

"The company has received the purchase order worth Rs 128 crore approximately from Bharat Sanchar Nigam Ltd for a supply of packet microwave radio systems on the pan-India basis for BSNL mobile network," HFCL said in a BSE filing. 

"During the implementation of the project, for unknown reasons, BSNL kept releasing purchase orders without caring for demand in the field. As a result, a huge quantum of the ordered material started piling-up at M/s ZTE's stores for which BSNL had already paid 50 percent of the equipment cost including customs duty as per the tender clauses," it also alleged.

 

 

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