After receiving a Rs. 59 crore order for the sale of fibre optic cable, HFCL increases by 6%
HFCL specialises in producing intelligent power systems, optical fibre cables, and telecom equipment.
After receiving an order for Rs 59.22 crore from an Indian telecom provider, the shares of optical fibre cable producer HFCL increased by more than 6% on July 12.
In a regulatory filing, HFCL stated that “a significant telecom operator in the country (had) issued purchase orders for its fiber-to-the-home (FTTH) network and long-distance fibre network in several telecom circles.”
The deal has a value of Rs 59.22 crore, and the goods and services must be delivered by July 2023, according to the Delhi-based business.
The HFCL stock was up 6.25 percent to Rs 66.30 as of 9.55am on the BSE.
HFCL specialises in producing optical fibre cables, intelligent power systems, and telecommunications equipment. The establishment of the CDMA and GSM networks, satellite communications, wireless spectrum management, and DWDM optical transmission network are only a few of the greenfield initiatives it has put into action.
The business has production facilities in Chennai (Tamil Nadu), Goa, and Solan (Himachal Pradesh).