HFCL shares soar as firm will get fifth order in two months


That is the corporate’s fifth order ranging from 29 October.


Wealth-Desk

Shares of HFCL Ltd jumped almost 5 per cent in intraday commerce on Monday after the corporate obtained purchase orders price round Rs 115 crore.

HFCL has bagged an order from Reliance Tasks and Property Administration Providers Restricted (previously Reliance Digital Platform and Mission Providers Restricted) for the provision of optical fiber cables to one of many nation’s main non-public telecom operators.

That is HFCL’s fifth order win within the final two months beginning August 29.

The administration had talked about throughout its September quarter outcomes earlier this month that courtesy order wins from RailTel, Reliance Tasks and others, the corporate had an order ebook of Rs 5,200 crore.

HFCL’s income through the quarter stood at Rs 1,173 crore as in comparison with Rs 1,051 crore within the earlier quarter and Rs 1,122 crore within the year-ago quarter.

A few of HFCL’s earlier orders embody:

  • October 12: 39.19 crore from Reliance Tasks and Property Administration Providers.
  • September 27: Rs 167.60 crore from Reliance Retail and Reliance Tasks and Rs 35 crore from one abroad buyer
  • September 14: Advance buy orders price Rs.341.26 cr from BSNL and Rs.106.55 cr from RailTel Company
  • August 29: 97 crore from a number one non-public telecom operator of Rs.
  • Shares of HFCL are buying and selling at Rs 80.95, up 5.1 per cent, until 1:20 pm.

    (edited by : Rukmani Krishna,



    Supply hyperlink