Shares of HFCL rose on September 11 after the company and its subsidiary received orders from a telecom player to supply optical fiber cables. The deal value is nearly Rs 83 crore. “We are pleased to inform all the stakeholders that the Company along with its material subsidiary, HTL Limited, has received the Purchase Orders aggregating to Rs 82.60 crore for supply of Optical Fiber Cables to one of the domestic Telecom Service Providers of the Country,” said HFCL in an exchange filing.
As of 1 pm, the stock jumped about 3 percent to Rs 78.54 on BSE following the order.
Mid-day Mood | Markets up 7th day in a row, Nifty futures scale 20,000
The company said it needs to fulfill the order by November of this year.
HFCL manufactures Optical Fiber, Optical Fiber Cables (OFC), Passive Interconnect Solutions and high-end Transmission and Access Equipment.
Its offerings span the entire value chain, from manufacturing hi-tech communication network products to providing specialised services, which get deployed across Telecom, Defence, Railways, Utilities, and Security & Surveillance Networks, both in the private and government sectors.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
