HFCL gains on getting APOs of Rs 447.81 crore from BSNL, RailTel
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HFCL is currently trading at Rs. 79.75, up by 0.65 points or 0.82% from its previous closing of Rs. 79.10 on the BSE.
The scrip opened at Rs. 80.65 and has touched a high and low of Rs. 81.45 and Rs. 79.55 respectively. So far 552192 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 101.35 on 17-Jan-2022 and a 52 week low of Rs. 51.55 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 81.45 and Rs. 75.20 respectively. The current market cap of the company is Rs. 10898.07 crore.
The promoters holding in the company stood at 39.20%, while Institutions and Non-Institutions held 8.84% and 51.96% respectively.
HFCL has received Advance Purchase Orders (APO) aggregating to Rs 447.81 crore from Bharat Sanchar Nigam (BSNL) and RailTel Corporation of India (RailTel). APO of Rs 341.26 crore is received from Bharat Sanchar Nigam Limited (BSNL) for Supply, Installation, Commissioning, Operation and Maintenance of CUPS BNG (Control Plane User Plane Separation Broadband Network Gateway) and associated subscriber Policy Manager & Authentication platform on turnkey basis.
While, from RailTel Rs 106.55 crore APO received for Supply, Installation, Testing, Commissioning, Integration with Existing Infra, Operation and Maintenance of IP based Video Surveillance System (VSS) at 180 railway stations under western region of RailTel for and on behalf of Indian Railways.
HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL facilities in Chennai and Hosur.
