Himachal Futuristic Communications Limited
(HFCL) has been awarded two contracts worth Rs148cr from L&T. The announcement was made via a press release on Sunday morning.
The projects are for the Mauritius metro express project and for the Dhaka metro mass rapid transit system.
The Mauritius metro express project is along a 26 km route that will connect Curepipe to Immigration Square in the capital Port Louis. The metro will cover 19 stations.
The Dhaka metro mass rapid transit system project is along a 20 km route. It is an elevated metro rail system with 16 stations and a maintenance depot, connecting Uttara and Motijheel.
The scope of work for HFCL includes, design, manufacturing, supply, installation, execution, testing, commissioning and training of communication network, control & monitoring (C&M) system. This also includes operation management & control system (OMCS), voice communication system (VCS), emergency help telephony system (EHTS), master clock system (MCS), closed circuit television (CCTV), passenger information display signs (PIDS), public address system (PAS), passenger information kiosks (PIK), electronic access control system (EACS), and spares.
“These overseas projects are the first of their kind which have been awarded to HFCL, and are a recognition of its capability in designing, integrating, installing and commissioning complex systems in telecommunications for railways and metros,” mentioned the company in the exchange filing
Himachal Futuristic Communications Ltd is currently trading at Rs21.20 up by Rs0.35 or 1.68% from its previous closing of Rs20.85 on the BSE.
The scrip opened at Rs21.80 and has touched a high and low of Rs21.80 and Rs21 respectively. So far 21,64,390 (NSE+BSE) shares were traded on the counter.