This telecom infrastructure company wins an order worth Rs 123.84 crore from a Reliance company!

The order is to be executed by October 2023.

On April 12, 2023, HFCL Limited informed in the exchange filing that the company has bagged an order worth Rs 123.84 crore from Reliance Projects and Property Management Services Limited, for the supply of various types of optical fibre cables as per customer specifications. The order is to be executed by October 2023. 

Earlier on March 29, 2023, the company secured another order worth Rs 282.61 crore from Gujarat Metro Rail Corporation (GMRC) Limited, for the design, manufacture, supply, installation, testing and commissioning of telecommunication systems. 

HFCL is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, manufacture and supply of high-end telecom equipment, optic fibre and optic fibre cable. Its technologically advanced offerings span the entire value chain, from manufacturing hi-tech communication network products to providing specialized services, which get deployed across Telecom, Defence, Railways, Utilities and Security and Surveillance Networks.  

Today, the stock opened at Rs 63.24 and made a high and low of Rs 63.70 and 62.80. Today, the stock closed at Rs 63.22, up by 0.17 per cent over its previous close of Rs 63.11. 

The scrip is a part of group A with a market capitalization of Rs 8710.19 crore. The stock has a 52-week high of Rs 88.80 and a 52-week low of 51.55. The company has a ROCE of 19.2 per cent and an ROE of 13.5 per cent.