HCIL bags Rs 1,500 million VSAT order

Hughes Communications India Limited (HCIL), a subsidiary of Hughes Network Systems, LLC (HUGHES) has announced that it has won orders, worth Rs. 1,500 million, from premier banks and institutions (private and public) to provide satellite-based solutions in the first half of the current financial year.

These wins have strengthened HCIL's leadership position in the satellite broadband market in India.

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

"HCIL also announced that they have received orders from Tata Communications Payment Services Limited (TCPSL) to enable and establish White label ATM services across 600 locations," the company mentioned in its statement.

"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. Going forward, we continue to see the Banking/Financial Services industry as the big driver of our managed services portfolio in India followed by the e-governance, defense and SME sectors," said Shivaji Chatterjee, head of the enterprise business at HCIL.

In addition, the company will also establish and maintain end-to-end 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.