HFCL rises on securing purchase order worth Rs 141 crore
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HFCL is currently trading at Rs. 98.20, up by 1.50 points or 1.55% from its previous closing of Rs. 96.70 on the BSE.
The scrip opened at Rs. 95.00 and has touched a high and low of Rs. 98.40 and Rs. 94.15 respectively. So far 284694 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 112.45 on 08-Feb-2024 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. 112.45 and Rs. 89.90 respectively. The current market cap of the company is Rs. 13912.93 crore.
The promoters holding in the company stood at 37.84%, while Institutions and Non-Institutions held 12.72% and 49.44% respectively.
HFCL has secured a purchase order worth Rs 141 crore (Capex Rs 119 crore + AMC Rs 22 crore) from Bahart Sanchar Nigam (BSNL) out of the advance purchase order worth Rs 179 crore issued to the company. The balance order of Rs 38 crore is expected to be released on completion of supply against the current Purchase Order. This significant win solidifies HFCL's position as a leader in indigenous 4G and 5G backhauling solutions.
Under this Order, HFCL will provide product and services to BSNL crucial for supporting 4G and 5G network requirements. The scope under this order encompasses, initial planning, on-site surveys, supply installation, testing, commissioning, operations and annual maintenance of microwave links. This network integration will be complemented by cutting-edge 5GHz Unlicensed Band Packet radio systems, along with antennas, cables and other key accessories. The radio is completely indigenously designed and manufactured with HFCL having IPR. This technology development is another important milestone for making India self-reliant in Telecom sector.
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.
