HFCL secures advance purchase orders worth Rs447.81 crore; stock zooms ~2%

15 Sep 2022 , 09:18 AM

HFCL Limited informed that it has received advance purchase orders (APO) aggregating to Rs447.81 crore.

These consists of APO worth Rs341.26 crore from Bharat Sanchar Nigam Limited (BSNL) for supply, installation, commissioning, operation, and maintenance of CUPS BNG (Control Plane User Plane Separation Broadband Network Gateway) and associated subscriber Policy Manager & Authentication platform on turnkey basis. This order is expected to be completed within a period of 240 days from the date of PO.

Further, the second order is from RailTel Corporation of India Limited (RailTel) worth Rs106.55 crore for Supply, Installation, Testing, Commissioning, Integration with Existing Infra, Operation, and Maintenance of IP-based Video Surveillance systems (VSS) at 180 railway stations under the western region of RailTel for and on behalf of Indian Railways. The company expects to complete this order within a period of 180 days from the date of APO.

At around 9.20 AM, HFCL was trading at Rs80.70 up by 2.02% from its previous closing of Rs79.10 on the BSE. The scrip opened at Rs80.65.

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