HFCL bags order worth Rs115 crore for supply of optical fiber cables; stock zooms ~2%

31 Oct 2022 , 09:28 AM

HFCL Limited informed that it has received a purchase order aggregating to Rs115 crore from Reliance Projects & Property Management Services Limited. The company will supply Optical Fiber Cables to one of the leading private telecom operators in the country.

The company expects to complete the order by January 2023.

HFCL is an Indian telecommunications company founded in 1987. It has been in operation in various segments such as manufacturing, R&D, and turnkey solutions.

At around 9.30 AM, HFCL was trading at Rs78.15 up by 1.56% from its previous closing of Rs76.95 on the BSE. The scrip opened at Rs78.40 and has touched intraaday high and low of Rs78.55 and Rs77.85 respectively.

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