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HFCL gains on securing order worth around Rs 1015 crore
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HFCL is currently trading at Rs. 75.70, up by 3.28 points or 4.53% from its previous closing of Rs. 72.42 on the BSE.
The scrip opened at Rs. 75.09 and has touched a high and low of Rs. 77.50 and Rs. 75.09 respectively. So far 367545 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.80 on 09-Dec-2022 and a 52 week low of Rs. 55.75 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 78.54 and Rs. 70.00 respectively. The current market cap of the company is Rs. 10347.17 crore.
The promoters holding in the company stood at 39.24%, while Institutions and Non-Institutions held 10.48% and 50.29% respectively.
HFCL has secured the order aggregating to around Rs 1015 crore, from Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh Undertaking (MPJN). This order encompasses for providing EPC Services including provision for laying of optical fiber cables on critical and important routes, for the execution of Multi – Village Drinking Water Supply Network in Sheopur district of Madhya Pradesh (Project). The installation of optical fiber cables in these areas will also enhance the operation & maintenance of the network.
This order is expected to boost the company’s revenue and profitability. The aforesaid project will be executed by the Company in collaboration with Khilari Infrastructure as a consortium partner.
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.
