HFCL secures Purchase Order worth Rs59.22 crore from leading telecom operator; stock climbs ~7%

12 Jul 2022 , 09:35 AM

HFCL Limited informed that the company has received the Purchase Order from one of the leading Private Telecom Operators in the Country.

The company has received this order for providing Services to roll out their Fiber to the Home (FTTH) Network and Long-Distance Fiber Network in various Telecom Circles. The order received is worth Rs59.22 crore.

The order received is to be executed domestically.

HFCL has delivered innovative, customized, and competitive products and solutions in the high technology telecommunications infrastructure sector over the last three decades, allowing its customers to stay ahead of their peers in technology and network efficiency.

The Company’s activities span the entire value chain, from the development of cutting-edge telecommunication products to the deployment of telecommunication networks.

At around 9.40 AM, HFCL was trading at Rs66.85 up by Rs4.45 or 7.13% from its previous closing of Rs62.40 on the BSE. The scrip opened at Rs64.20 and hit intraday high and low of Rs67.05 and Rs63.80 respectively.