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HFCL shares surge 6% on order win of Rs 1,015 crore

18 Sept 2023 , 01:15 PM

After receiving an order from Madhya Pradesh Jal Nigam, HFCL shares increased by 6% to Rs 77 in early trading on September 18. The order, which has a total estimated value of Rs 1,015 crore, is for the execution of a multi-village drinking water delivery network in the Sheopur district of Madhya Pradesh. This includes provision for EPC Services, including provision for laying optical fibre cables on key and important routes.

The business will carry out the aforementioned project in partnership with Khilari Infrastructure Private Limited as a consortium partner. Within 24 months of when the order was placed, the project must be completed.

A three-month trial run will follow the project's successful commissioning. After then, the business is required to provide operation and maintenance services for a total of ten years, including a concurrent one-year defect liability period.

An important telecom provider had placed orders with the company and its subsidiary earlier in September for optical fibre connections. The transaction is worth close to Rs 82.60 crore.

The Delhi Metro Rail Corporation (DMRC) awarded the company a Rs 80.92 crore order in June for the design, manufacture, supply, installation, testing, and commissioning of a fibre optic transmission system (FOTS) for three corridors of the Delhi Metro's Phase IV.

For feedback and suggestions, write to us at editorial@iifl.com

HFCL Limited to Scale up Hyderabad Unit Cable Production by 33 Percent -  Wire & Cable India

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