HFCL bags Rs. 558.36 crore order from BSNL

Himachal Futuristic Communications (HFCL) bagged purchase orders to the tune of Rs. 558.36 crore from Bharat Sanchar Nigam (BSNL) for Pan India Defence Communication Network. Consequently, the share price of HFCL ended higher by 2 per cent on Tuesday.

The work involves planning, designing, procurement, installation, integration, commissioning, testing, training, documentation and maintenance of Hybrid Microwave Broadband radio links. This also includes repeaters, EMS/NMS and antenna towers and accessories on turnkey basis.

The tenure of the order is 18 months from the date of issue of Radio Frequency Link Freezing Letter by BSNL.

HFCL operates in the high technology telecommunications infrastructure sector. Its activities span the entire value chain, right from the manufacturing of telecommunications products to implementation of telecommunications network. It specializes in the manufacturing of telecommunication equipment, optical fiber cables and intelligent power systems. The focus of the company lies in catering to the service requirements of Railways, Homeland Security, Smart Cities and defence.

On Wednesday, the shares of HFCL opened at Rs. 19.80 per share, and hit a high of Rs. 20.20 per share. At 11:24 am, the stock was trading at Rs. 20.00, up 3.09 per cent.