HFCL gains as its arm receives contract worth Rs 44.36 crore from Indian Army
HFCL is currently trading at Rs. 84.29, up by 0.43 points or 0.51% from its previous closing of Rs. 83.86 on the BSE.
The scrip opened at Rs. 84.81 and has touched a high and low of Rs. 85.90 and Rs. 83.48 respectively. So far 180967 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 171.00 on 23-Sep-2024 and a 52 week low of Rs. 77.25 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 85.90 and Rs. 77.25 respectively. The current market cap of the company is Rs. 12132.88 crore.
The promoters holding in the company stood at 35.89%, while Institutions and Non-Institutions held 16.02% and 48.08% respectively.
HFCL’s material subsidiary--HTL has received the contract of Rs 44.36 crore from Indian Army for supply of Tactical Optical Fiber Cable Assemblies. This indigenously manufactured solution features Optical Fiber Cables capable of withstanding heavy armored vehicle loads and is equipped with specialized military-grade connectors designed for harsh and demanding environments.
It is specifically engineered for mission-critical applications requiring rapid deployment of optical fiber communication links in challenging battlefield conditions. Lightweight and portable, it can be conveniently carried by infantry in a backpack. The said contract is expected to be completed by July, 2025.
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.
