HFCL gains on receiving PO worth Rs 186.90 crore from Bharat Sanchar Nigam

Himachal Futuristic Communications is currently trading at Rs. 19.90, up by 0.10 points or 0.51% from its previous closing of Rs. 19.80 on the BSE.

The scrip opened at Rs. 19.90 and has touched a high and low of Rs. 19.90 and Rs. 19.90 respectively.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 31.35 on 11-Jul-2018 and a 52 week low of Rs. 17.20 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 20.20 and Rs. 18.40 respectively. The current market cap of the company is Rs. 2543.07 crore.

The promoters holding in the company stood at 38.43%, while Institutions and Non-Institutions held 5.83% and 55.74% respectively.

Himachal Futuristic Communications (HFCL) has received a Purchase Order (PO) worth Rs 186.90 crore approximately from Bharat Sanchar Nigam, vide its PO dated July 08, 2019, for setting up of the Optical Transmission Backbone Network for Armed forces under the Network for Spectrum Programme (NFS) of the Government of India.

This Project is funded by Department of Telecom, Government of India (DOT) and BSNL has been appointed as the nodal agency by the DoT for Project execution. As the project has been funded by the DOT, Government of India, the timely realization against the said order is secured.

HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.

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