HFCL shares gain after arm bags order of Rs 44.36 crore from Indian Army

HFCL

HFCL share price gained in the early trade on March 10 after the company subsidiary received a contract worth Rs 44.36 crore from Indian Army.

At 09:17am, HFCL was quoting at Rs 84.05, up Rs 0.19, or 0.23 percent, on the BSE.

The company's material subsidiary HTL has received the contract of Rs 44.36 crore from Indian Army for supply of tactical optical fiber cable assemblies.

This indigenously manufactured solution features Optical Fiber Cables capable of withstanding heavy armored vehicle loads and is equipped with specialized military-grade connectors designed for harsh and demanding environments.

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In the month of February, the company signed an agreement with BSNL as the project implementation agency under the BharatNet Phase-III Programme for executing a project worth Rs 2,501.3 crore in the Punjab Telecom Circle.

The company recorded 10.4 percent fall in its December quarter (Q3FY25) net profit at Rs 73.65 crore from Rs 82.24 crore in December 2023.

In January, the company has successfully secured advance purchase orders aggregating to Rs 2,167.65 crore for supply of optical fibercCables, telecom equipment & related accessories along with maintenance of the telecom equipment for 10 years including 01 year warranty period, for BharatNet Phase III in Uttar Pradesh (East) Telecom Circle and Uttar Pradesh (West) Telecom Circle, from Rail Vikas Nigam.

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