HFCL secures purchase orders aggregating Rs97 crore; Stock soars near 2%

30 Aug 2022 , 09:18 AM

HFCL Limited along with its material subsidiary, HTL Limited, has received the Purchase Orders aggregating to -Rs97 crore, from one of the leading Private Telecom Operators of the Country.

As per the filing, the project is for supply of Optical Fibre Cables (“OFC”) and the order will be executed by March 2023, said the company in a regulatory filing.

Notably, the project has been awarded by Domestic identity and also caters to domestic area as well.

At around 9:18 AM, HFCL Ltd is currently trading at Rs75.85 per share up by Rs1.35 or 1.81% from its previous closing of Rs74.50 per share on the BSE.

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