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HFCL bags order worth Rs202.60 crore for supply of optical fibre; stock jumps ~4%

The company expects to complete both orders by March 2023.

September 27, 2022 1:42 IST | India Infoline News Service
HFCL Limited informed that the company, along with its material subsidiary, HTL Limited has secured Purchase Orders aggregating to ~Rs202.60 crore.

It consists of Purchase Orders of ~Rs167.60 crore from Reliance Retail Limited & Reliance Projects & Property Management Services Limited for the supply of Optical Fibre Cables and of ~Rs35 crore from one of the overseas customer for the supply of various types of OFC & its related accessories.

The company expects to complete both orders by March 2023.

At around 1.48 PM, HFCL was trading at Rs71.60 up by 3.54% from its previous closing of Rs69.15 on the BSE. The scrip touched intraday high and low of Rs71.85 and Rs69 respectively.

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