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HFCL shares rise on order win from RVNL

HFCL shares rise on order win from RVNL

The orders are for the BharatNet Phase III in Uttar Pradesh (East) Telecom Circle and Uttar Pradesh (West) Telecom Circle.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Jan 24, 2025 9:29 AM IST
HFCL shares rise on order win from RVNLHFCL stock rose 2.13% intraday to Rs 103.25 against the previous close of Rs 100.95 on BSE.

Shares of HFCL Ltd gained over 2% today on fresh order win from RVNL Ltd. HFCL won advance purchase orders worth Rs 2,167.65 crore for the supply of optical fiber cables, telecom equipment and related accessories for the BharatNet Phase III in Uttar Pradesh. HFCL stock rose 2.13% intraday to Rs 103.25 against the previous close of Rs 100.95 on BSE. HFCL stock opened higher at Rs 102.85 on BSE.

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The supply order is to be executed in three years. The order also includes maintenance of the telecom equipment for 10 years, including a one-year warranty period. The orders are for the BharatNet Phase III in Uttar Pradesh (East) Telecom Circle and Uttar Pradesh (West) Telecom Circle.

The total cost includes Rs 1,736.83 crore capital expenditure and Rs 430.82 crore operating expense.

HFCL Limited is primarily engaged in manufacturing of telecommunication equipment, optical fiber cables and intelligent power systems. The company is a manufacturer of optical fiber cables, optical transport, power electronics and broadband equipment for the telecommunication industry.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Jan 24, 2025 9:28 AM IST
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