HFCL lands 2 orders worth Rs. 148 crore from L&T

Himachal Futuristic Communications Ltd. (HFCL) secured two orders amounting to a total of Rs. 148 crore from Larsen & Toubro (L&T). The scope of work involves setting up telecommunication systems for Mauritius Metro Express & Dhaka Metro Mass Rapid Transit System Projects.

The company will be responsible for designing, manufacturing, supplying, installing, executing, testing, commissioning and training for Communication Network, Control & Monitoring (C&M) System including Operation Management & Control System (OMCS), Voice Communication System (VCS), Emergency Help Telephony System (EHTS), Master Clock System (MCS), Closed Circuit Television (CCTV), Passenger Information Display Signs (PIDS), Public Address System (PAS), Passenger Information Kiosks (PIK), Electronic Access Control System (EACS) and Spares.

The Mauritius Metro Express Project will span across a 26 km route that will connect Curepipe to Immigration Square in the capital Port Louis. It will feature 19 stations. Meanwhile, the Dhaka Metro Mass Rapid Transit System Project is spread along a 20 km route. It is an elevated metro rail system with 16 Stations and a Maintenance Depot, which will provide a connection between Uttara and Motijheel.

The contract is significant as these projects are the first of their kind to be awarded to the company. HFCL will be required to showcase its capabilities by meeting deadlines and complying with rigorous operating conditions. The company endeavours to expand its business outreach beyond India. The projects in question will serve this purpose and will allow the company to tap similar markets overseas.

On Monday, the shares of HFCL opened at Rs. 21.80 per share, and hit a high and low of Rs. 21.80 and Rs. 21.00, respectively. At 10:45 am, the stock was trading at Rs. 21.15, up 1.44 per cent.