HFCL soars on securing advance work order worth around Rs 2,501.30 crore
HFCL is currently trading at Rs. 103.95, up by 1.55 points or 1.51% from its previous closing of Rs. 102.40 on the BSE.
The scrip opened at Rs. 105.45 and has touched a high and low of Rs. 106.80 and Rs. 103.15 respectively. So far 837571 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. 81.22 on 18-Jan-2024.
Last one week high and low of the scrip stood at Rs. 106.80 and Rs. 92.30 respectively. The current market cap of the company is Rs. 14938.88 crore.
The promoters holding in the company stood at 35.89%, while Institutions and Non-Institutions held 16.02% and 48.08% respectively.
HFCL has successfully secured an advance work order aggregating to around Rs 2,501.30 crore for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet Phase III in the Punjab Telecom Circle, from Bharat Sanchar Nigam (BSNL).
The BharatNet Phase III is set to link all 640,000 villages in India with high-speed internet, targeting over 250,000 gram panchayats. It aims to deliver a minimum of 100 Mbps bandwidth at each GP, bringing every GP online. The Company is dedicated for executing this landmark project in line with the Government’s vision of a ‘Digital India,’ aiming to bridge the digital gap, especially in rural and underserved regions.
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.
