HFCL gains on signing agreement with BSNL for Rs 2501.30 crore project
HFCL is currently trading at Rs. 89.45, up by 0.68 points or 0.77% from its previous closing of Rs. 88.77 on the BSE.
The scrip opened at Rs. 88.70 and has touched a high and low of Rs. 89.91 and Rs. 87.48 respectively. So far 256704 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. 81.25 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 92.45 and Rs. 81.76 respectively. The current market cap of the company is Rs. 12893.17 crore.
The promoters holding in the company stood at 35.89%, while Institutions and Non-Institutions held 16.02% and 48.08% respectively.
HFCL has signed an agreement with Bharat Sanchar Nigam (BSNL) for Rs 2501.30 crore project. The company has become the first company to sign an agreement with BSNL as the Project Implementation Agency (PIA) under the BharatNet Phase-III Programme for executing project in the Punjab Telecom Circle. The Company will now take immediate steps to commence project implementation.
On January 16, the company had received Advance Work Order (AWO) from Bharat Sanchar Nigam for around Rs 2,501.30 crore for executing BharatNet Phase III Programme in the Punjab Telecom Circle.
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.
