HFCL gains on receiving order worth Rs 879 crore from TCIL

HFCL gains on receiving order worth Rs 879 crore from TCIL

by admin- Monday, October 8th, 2018 04:40:07 PM

Himachal Futuristic Communications (HFCL) is currently trading at Rs. 19.35, up via zero.50 points or 2.Sixty five% from its previous closing of Rs. 18.Eighty five on the BSE.

The scrip opened at Rs. 19.Forty five and has touched a excessive and occasional of Rs. 19.Seventy five and Rs. 19.15 respectively. So far 168512 stocks were traded on the counter.

The BSE group ‘A’ inventory of face value Rs. 1 has touched a 52 week high of Rs. 36.65 on eleven-Jan-2018 and a fifty two week low of Rs. 18.Forty five on 25-Sep-2018.

Last one week high and low of the scrip stood at Rs. 20.50 and Rs. 18.Sixty five respectively. The contemporary marketplace cap of the company is Rs. 2354.Eighty two crore.

The promoters protecting within the enterprise stood at 38.30%, whilst Institutions and Non-Institutions held 8.97% and 52.73% respectively.

HFCL has received an develop buy order (PO) well worth around Rs 879 crore from Telecommunications Consultants India (TCIL), New Delhi.

The scope of work beneath the above contract includes survey, procurement, deliver, trenching, laying, set up, testing and upkeep of Optical Fibre Cable (OFC), Accessories and GPON Equipment inside the State of Madhya Pradesh beneath BharatNet Phase-II Network of Government of India below Package MP3 being imposing by way of Bharat Sanchar Nigam. The aforesaid settlement also consists of operation and preservation offerings for a period of 7 years after warranty of 12 months.

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