HFCL shines on bagging purchase orders worth Rs 73.39 crore
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HFCL is currently trading at Rs. 65.15, up by 1.40 points or 2.20% from its previous closing of Rs. 63.75 on the BSE.
The scrip opened at Rs. 63.65 and has touched a high and low of Rs. 65.25 and Rs. 63.45 respectively. So far 83344 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. 47.95 on 14-Jun-2021.
Last one week high and low of the scrip stood at Rs. 65.35 and Rs. 62.85 respectively. The current market cap of the company is Rs. 8775.72 crore.
The promoters holding in the company stood at 39.23%, while Institutions and Non-Institutions held 8.53% and 52.23% respectively.
HFCL has bagged purchase orders aggregating to Rs 73.39 crore consisting purchase orders of Rs 51.09 crore, from one of the leading Private Telecom Operators of the Country for supply of UBRs (Unlicensed Band Radio) along with Accessories and of Rs 22.30 crore, from one of the leading EPC players of India for supply of Optical Fibre Cables.
The UBRs have been indigenously designed, developed and manufactured in India which are sold not only in India but has also got its presence in global market. This contract demonstrates the confidence of private telecom operators in adoption of HFCL's indigenously manufactured products for expanding their existing network infrastructure.
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.
