Hughes bags several orders worth Rs 150 crore in H1 current fiscal

Hughes Communications India (HCIL) on Monday said it won several orders worth Rs 150 crore in the first half of the current financial year.

Its clients in India include private and public banks and institutions. The company did not share the complete list of its clients.

These wins have strengthened HCIL’s leadership position in the satellite broadband market in India, Hughes Communications said in a statement.

Banking/Financial Services industry is the big driver of it managed services portfolio in India followed by the e-governance, defense and SME sectors.

Hughes has received multiple orders from banks to provide managed services to over 800 locations across India.

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Recently, HCIL received orders from Tata Communications Payment Services Limited (TCPSL) to enable and establish White label ATM services across 600 locations.

In addition, Hughes will set up satellite broadband connectivity for a period of three to five years at multiple locations across the country through alliances with  various institutions such as Punjab and Sind Bank, Bombay Stock Exchange, and British Gas to name a few.

“Achieving a steady growth of 18-20 percent in the enterprise satellite segment in a challenging business environment is testimony to an ever increasing demand for easily deployable, reliable, broadband connections in remote locations or in areas underserved by terrestrial services,” said Shivaji Chatterjee, head of the enterprise business at HCIL.

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