HFCL stock jumps 5% after receiving order of Rs288cr from RailTel Corporation

The hardware and the software provided would be under warranty for a period of 24 months.

Oct 05, 2021 09:10 IST India Infoline News Service

HFCL Ltd (Himachal Futuristic Communications Ltd) has informed that the Company has bagged an order amounting to ~Rs287.96cr from RailTel Corporation of India Limited, a Mini Ratna (Category-I) Central Public Sector Undertaking (CPSU) of Ministry of Railways, for setting up of Secured Optical Packet Switched Network for Defense Forces.

The Secured Optical Packet Switched Network shall enhance the security of applications and provide latest state of the art technology, which will drive the security requirement of Defense Forces.

Significant terms of the project is to setting up of Secured Optical Packet Switched Network with Supply, Installation, Commissioning, Testing and Training of Security System Network Hardware and Software of various specifications inter-alia to develop IT Infrastructure for outdoor containerized data center solution, with delivery timelines of 12 months.

The hardware and the software provided would be under warranty for a period of 24 months.

At around 9:33 AM, HFCL was trading at Rs79 per piece higher by 4.98% while RailTel was trading marginally higher by 0.08% at Rs127.85 per piece on Sensex.

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity