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HFCL inches up on launching innovative, high-fibre count Intermittently Bonded Ribbon Cable
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HFCL is currently trading at Rs. 64.58, up by 0.07 points or 0.11% from its previous closing of Rs. 64.51 on the BSE.
The scrip opened at Rs. 65.29 and has touched a high and low of Rs. 65.45 and Rs. 64.31 respectively. So far 9130 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. 69.44 and Rs. 61.52 respectively. The current market cap of the company is Rs. 9217.01 crore.
The promoters holding in the company stood at 37.84 % while Institutions and Non-Institutions held 12.99 % and 49.17 % respectively.
HFCL has launched its innovative, high-fibre count Intermittently Bonded Ribbon (IBR) Cable at the ongoing India Mobile Congress, Pragati Maidan, New Delhi, India. HFCL’s new 1728-high fibre count IBR cable offering will allow telcos and enterprises to accelerate installation of 5G network infrastructure, expand FTTH capabilities and address the rising demand for high capacity networks particularly from data centres. HFCL is amongst the few companies in India and worldwide that has successfully developed this industry leading product.
As a leading manufacturer of optical fibre cables in India, HFCL is at the forefront of innovation, developing sustainable smaller duct size cables at its Hyderabad plant. Compared to traditional 864-fibre flat ribbon cables, the next-gen 1728-fiber IBR Cable offers twice the fibre packing density in the same diameter. HFCL’s gel-free IBR cable is also optimised with high productivity mass fusion splicing for cost efficient deployment, easy installation in congested areas and quick restoration in case of any accidental outage. The manufacturing of these environmentally-friendly IBR cables is further poised to result in reducing plastic consumption per unit of fibre, lowering carbon footprint and expenses associated with network maintenance and upgrades.
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.
