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According to the customer's demands, the company will provide a variety of optical fibre cables; the order must be completed by June 2024.
HFCL aims to ramp up the share of exports in its OFC vertical revenue from the current 30% to 70% over the next 4-5 years.
HFCL has been investing in establishing an end-to-end portfolio of 5G networking equipment.
Revenue also declined by 5.3% year-on-year to Rs 1,111.50 crore during the September quarter.
The business will carry out the aforementioned project in partnership with Khilari Infrastructure Private Limited as a consortium partner.
The purchase orders are for the supply of optical fiber cables and must be fulfilled by November of this year
According to the agreement, HFCL must offer 110 weeks of warranty support for the technology it will deploy.
The company stated that this will add significantly to its revenue and profitability.
Time period by which the order is to be executed is February 2023, the company said.
The company expects to complete the order by January 2023.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.